According to Foresight News, according to The Block, Binance Labs has invested in ZKsync "elastic chain" Sophon. Sophon is a ZKsync "elastic chain", that is, a layer 2 network built using Matter Labs' modular open source framework. The investment amount has not been disclosed yet.
The former head of DeFi at ZKsync said that the negotiations between Binance Labs and Sophon began this summer, and the investment round ended in August. Seb said that the structure of this round of financing is a simple agreement for future tokens (SAFT). It is expected that the Sophon mainnet will be launched next month.
