Fantom Foundation and Sonic Labs have formed an important partnership with the RPC solutions provider Alchemy, increasing the performance of the crypto network Opera.
Developers and users of Opera will be able to benefit from access to Alchemy’s endpoints to achieve more scalability and security when processing a transaction.
The agreement should also extend to Sonic, bringing advantages on the RPC front as soon as the network is launched on the mainnet.
Let’s see all the details below.
The crypto partnership between Fantom, Sonic, and Alchemy: RPC support for Opera
The crypto news of today talks about a strategic partnership between Fantom Foundation, Sonic Labs, and Alchemy, which together will provide improvements to the Opera network.
In particular, the web3 development platform Alchemy will provide RPC support (Remote Call Procedure) to the L1 blockchain of Fantom, offering higher performance.
This means that the insiders of Opera, as well as its crypto community, will be able to use the public and private RPC endpoints offered by Alchemy for free.
The result is a greater execution speed of transactions and a more stable and secure platform for the development of decentralized applications.
We remind you that the endpoints represent URL addresses or specific locations from which you can perform a specific function on the blockchain they rely on.
In practice, they act as a communication bridge between the cryptographic network and dapps and offer a simple and intuitive interface for commands.
The presence of Alchemy in this context ensures that transactions and queries are processed quickly and reliably.
Furthermore, the fame and reliability of Alchemy also improve the reputation of Opera, which can count on an infrastructural collaborator among the most appreciated in the sector.
On the other hand, the RPC provider expands its user base and comes to support a new crypto ecosystem in a phase of constant growth. This allows Alchemy to increase its notoriety and become the largest infrastructural provider in the entire web3 industry.
Regarding the collaboration, Sam Harcourt, head of business development at Sonic Labs, stated the following.
“Through our partnership with Alchemy, we are ensuring that the industry-leading infrastructure is combined with our advanced technology to create a network on which the sector can rely.”
Coming soon: the Sonic network, supported by the Fantom Foundation
The partnership between Fantom and Alchemy not only improves the development of the crypto Opera network, but also aims to support the upcoming layer-2 of Ethereum Sonic.
According to the announcement, in fact, the Web3 infrastructure provider will offer its RPC integration also on the next network that will be launched by Sonic Labs.
This new infrastructure, arriving by the end of the year, will follow a path parallel to that of Opera but will be managed by a different team and governance.
The launch of this new network is motivated by the desire to take a step within the Ethereum ecosystem, with an infrastructure capable of acting independently.
Sonic should be significantly superior compared to Opera in terms of speed and security, as well as for the presence of a more favorable environment for the development of dapps.
The collaboration with Alchemy, beyond the promise of RPC support, also includes the allocation of a Fund for the innovators of Sonic Labs.
Alchemy in fact will allocate up to $5k in credits for Enterprise customers on Sonic and is establishing additional credit programs under the broader incentive program.
This kind of initiative allows for greater engagement from the community and increases the chances of observing a successful launch when the time comes.
Furthermore, partnerships of this type lay the foundations for long-term development of the next crypto network.
Regarding incentives and development, it should be noted that the Fantom Foundation has established a fund of 120 million dollars specifically to support the growth of Sonic.
The fund, which draws resources from the tesorerie of Fantom, will use the crypto FTM as underlying and will support the migration to the new L2 Sonic network.
Sonic Labs at the beginning of the year had also closed a funding round of 10 million dollars led by Hashed.
Remaining within the theme of incentives and blockchain development, we report the latest news from the Fantom Foundation and Sonic Labs, who have organized a zero-fee crypto trading program with Rabby wallet and Opera.
Starting from July 22, each user will be able to trade up to a maximum of 10 transactions on DEX, the cost of the gas will be fully covered by Fantom and Sonic.
Obviously, the decentralized exchange must take place on the Opera network, and through the web3 wallet extension Rabby.
The incentive will continue for 90 days, and will be available exclusively for new wallets or for those who have been inactive for 90 days on the network.
In total over 22,700 FTM will be available to pay for users’ gas. Eligible DEXs include platforms like Beethoven X, Degen Express, 1 inch, SushiSwap, ParaSwap, SpookySwap and others.
Initiatives of this type drive the flow of new users who can familiarize themselves with the dapps and with the crypto ecosystem of Opera. By doing so, Fantom attracts new customers around its infrastructure and encourages them to stay to manage their cryptographic operations for free.
It is worth noting how this trading program coincides with the launch of the 2nd round of the Meme Season, another interesting project managed by Fantom and Sonic.
The CEO of Sonic Labs, Michael Kong, commented on the program in collaboration with Rabby as follows:
“We are excited to kick off our most extensive collaboration with Rabby with this exclusive free gas program that will see the participation of the largest DEX in the space and showcase Sonic’s commitment to the community. We want to continue giving back to our ecosystem and are thrilled to have found a partner in Rabby committed to the community-first mindset on which our entire network is built.”
