According to BlockBeats, the Fantom Foundation announced five award-winning projects from the Sonic Labs incubator, namely: the sustainable DEX project Lynx, the social protocol Thunder Dome, the P2P lending platform Dēbita, the green technology startup KiriCoin, and the RPG chain game Froqorion. Last December, the Fantom Foundation launched the Sonic Labs entrepreneurship accelerator program, which aims to promote innovation within Fantom's new Sonic technology stack and provide resources and support for the next generation of web3 entrepreneurs. The program provides each project with 1 million FTM (about $294,000) in funding, as well as technical support, joint marketing, and mentor guidance.