Blockchain foundation Fantom Opera has announced the creation of the Sonic Foundation and Sonic Labs to support the new Sonic blockchain. Sonic will have improved speed and security compared to Fantom and will be connected to Ethereum via a layer 2 bridge. It is expected that users and developers will completely switch to Sonic. Once launched, Sonic will have its own $S token, compatible with Fantom's existing $FTM token. Fantom also closed a $10 million funding round led by Hashed, which will go towards developing the Sonic ecosystem.