The Fantom Foundation announced the detailed plan for the new blockchain network Sonic Network.

Sonic will be a brand new Layer 1 blockchain that will be connected to Ethereum through a native cross-chain bridge.

Holders of $FTM will have the ability to migrate their tokens for a 1:1 ratio at genesis for the $S token, pending the results of a first governance vote (see below for link to the first governance vote).

#SONIC #SonicLabs #FantomFoundation #blockchain #buythedip

#FantomFoundation Launches #SonicLabs

The Fantom Foundation has announced the launch of Sonic Labs, an accelerator program aimed at fostering innovation within its new Sonic technology stack. Sonic Labs will provide selected projects with mentorship, funding, and access to Fantom's network of partners and resources. The program is expected to kick off in December 2023, with selected projects beginning development in March 2024. The first cohort of projects will be launched in sync with the Fantom Sonic mainnet, which is scheduled for spring 2024.

👉 blog.fantom.foundation/fantom-foundation-launches-sonic-labs/

#crypto2023 #cryptonews #web3