Binance Labs announced an investment in ZKsync's "elastic chain" Sophon. The specific amount has not been disclosed. It is reported that Sophon uses Matter Labs' modular open source framework to build a second-layer network. The mainnet will be launched next month and the token will be deployed soon. It is reported that Sophon's total financing amount has exceeded US$70 million so far.
“Binance Labs is committed to supporting early-stage projects that push the boundaries of Web3 and foster growth in the ecosystem,” said Andy Chang, Investment Director of Binance Labs. “Sophon’s strong industry partnerships and early success demonstrate their great potential to revolutionize the entertainment, gaming, and AI sectors.”
