Blockchain leisure specialist Sophon has raised $60 million in a node sale hosted by the zkSync Hyperchain platform, lower than per week after the public sale started.
The sale concerned 200,000 nodes and collected greater than $60 million in wrappers (wETH). This was preceded by a $10 million funding spherical led by Paper Ventures and Maven 11, with further investments from Spartan, SevenX and OKX Ventures.
Sophon makes use of a modular blockchain structure created by Matter Labs, which is growing a zk-rollup resolution for the Ethereum Layer 2 ecosystem.
Regardless of promoting 121,000 nodes, Sophon clarifies that not all patrons will function validators. As an alternative, they are going to obtain ERC-721 tokens, which provide a number of benefits. These embrace the acquisition of Sophon tokens, with 20% of the overall provide distributed to node license holders throughout the first 36 months after launch.
As well as, patrons can take part in community validation and obtain a share of community charges at Sophon's anticipated launch in Q3 2024 as cumulative Layer 2 validity.
“In comparison with different reservoirs available on the market, I do know the product inside out. It's all about constructing for tomorrow, moderately than yesterday, and I'm assured that wanting again in just a few years the design and infrastructure selections that Matter Labs made might be apparent. I’ll proceed to work carefully with the wonderful workforce at Matter Labs,” mentioned Sophon.
Node license holders may also play a task in indexing on-chain or operational light-weight nodes with future plans for a decentralized consensus mannequin requiring these licenses to function the community. Unpurchased or unused licenses on the finish of the sale might be destroyed to make sure they don’t go into circulation.
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As well as, Sophon is planning a novel airdrop marketing campaign to extensively distribute its $SOPH token. Individuals can stake property reminiscent of $BEAM from the Beam community and $ZENT from Zentry, with further property to be introduced.
Co-founded by Sebastien, former head of DeFi at zkSync, and cryptocurrency dealer Pentoshi, Sophon is an entertainment-focused ecosystem utilizing zkSync's hyperchain expertise. The platform makes use of zkSync's native account abstraction and different options to enhance the person expertise and entice AI, gaming and leisure expertise.
