Fantom has undergone a rebranding to Sonic Labs, focusing on a new high-speed blockchain called Sonic. The project aims to address issues within Fantom's Opera network by increasing transaction speed and improving user experience. Sonic Labs will concentrate on developing decentralized applications, while the Sonic Foundation will handle governance and treasury functions. The protocol is set to launch later this year, introducing the S token and offering incentives for users to migrate to the new network. This move is seen as an expansion and enhancement of the Fantom ecosystem, with both networks coexisting to provide new capabilities and opportunities. Additionally, the article highlights Google's increasing involvement in crypto and blockchain technology, along with a security vulnerability that could have allowed malicious actors to mint FTM tokens on Ethereum. It is important to conduct thorough research before engaging in cryptocurrency trading, as it is considered a high-risk activity. Read more AI-generated news on: https://app.chaingpt.org/news