According to Foresight News, the Rollup Internet Project has released the second Alpha version V0.2.0 of its Sovereign SDK. The key updates include incentive management implementation for Optimistic Rollups, incentive management implementation based on sorting through soft confirmation, experimental EVM support implementation, FCFS sorter implementation with RPC support, and universal support for CLI wallets.

In January 2023, Sovereign had previously completed a $7.4 million seed funding round, led by Haun Ventures, with participation from Maven 11, 1KX, Robot Ventures, and Plaintext Capital.