Sonic raises $12M in a Series A funding round

#Sonic secures $12M in a Series A funding round led by Bitkraft Ventures with participation from OKX Ventures, Mirana Ventures, Big Brain Holdings, Galaxy Interactive, Sky9 Capital, Sanctor Capital, and others.

Sonic is the first atomic SVM #Layer2 built to enable sovereign game economies on Solana. Previously, the project secured $4M from Republic, Infinity Ventures Crypto, LD Capital, Tess Ventures, and others.

👉 x.com/SonicSVM/status/1803050032448311308

$FTM is going to be on full swing. Wait until that weekly breakout confirmation.

As they revamped to #Sonic plans are bigger and better. With the partnership of #Chainlink $LINK for the launch, team is targeting a bigger goal.

Remember, it got dropped to ~80% from its ATH and it got rebounded earlier in the same way.

NFA: Trade with caution

What is your favourite now? Poll for next coin update.

Sideways, it's scary to look at the #FTM $FTM
chart on the D1 chart. This, without looking at the Ath top, just looking at this last top at 1.20. and The path the project has taken over these years is very disastrous. Tiker's change could even leave Fantom's past in oblivion. But whoever stays in this market will never forget the mistakes they made in this market. try to find a final exit around 1.20 or if the market really gets good again in 2025, it could even hit 2.00. More than that is too much to ask for this project. $FTM #Sonic

#Write2earn #Fantom 's #Sonic Network and Bidirectional Token #Migration Set to Boost #FTM Price
$FTM

The Fantom Foundation is launching the Sonic Network, a new Layer-1 blockchain connected to Ethereum via a Layer-2 bridge. This integration aims to leverage Ethereum's larger user base and liquidity, providing low costs, scalability, and speed.

Sonic Network and Opera Chain Integration

The Sonic Network will enhance the upgraded Opera chain, which now achieves 2,000 TPS with single-second finality, reducing storage needs and costs. This setup is designed to be a next-generation platform for developers, dApps, and communities.

Migration from FTM to $S

Upon the Sonic chain launch, $S tokens will match the supply of FTM tokens. Users can initially migrate FTM to S at a 1:1 ratio, facilitated by a bridge for seamless swaps. Eventually, the migration will become one-way from FTM to $S. This migration is expected to support the ongoing Fantom price rally.

Current Market Performance

Fantom (FTM) has surged nearly 20% in the past week, trading at $0.8595 with a market cap of $2.4 billion, driven by increased total value locked (TVL) on the protocol.

Sonic Labs unveils an upcoming collaboration with Chainlink

#Sonic labs $FTM has recently unveiled on its twitter an upcoming partnership with #ChainLink $LINK , a decentralized oracle network that provides a reliable connection between blockchain smart contracts and external data sources.
Sonic labs (previously #Fantom ) is a #layer1 platform with a secure gateway to #Ethereum . The protocol includes a significant incentive program designed to handle over 10,000 transactions per second.

𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟭𝟬, 𝟮𝟬𝟮𝟰

🔥 JUST IN : Spanish telecom giant #Telefónica has teamed up with Polygon💰 to create proofs-of-concept for digital identity applications, including age verification and digital national identities. - CoinTelegraph.

JUST IN: Australia to ban children from using social media.
Australia plans to set a minimum age limit around 14-16 for children to use social media.

⚡️ NEW : #Sonic Blockchain plans to introduce credit scores for digital wallets targeting the $11 trillion global unsecured lending market, says Sonic Labs CTO Andre Cronje.

Sonic Labs discloses the launch of its mainnet

#Sonic mainnet will be launched in December 2024 and introduce up to 90% gas rebates, native stablecoin and grants available through Sonic BOOM and the innovator fund. Additionaly, Sonic will conduct a 200M token airdrop.

Sonic Labs (previously Fantom) is a #Layer1 platform with a secure gateway to #Ethereum. The protocol includes a significant incentive program designed to handle over 10,000 transactions per second.

👉 x.com/AndreCronjeTech/status/1838767816436257274

🚀 $FTM to Sonic: Bullish Momentum Building! 🚀**

Exciting times for $FTM as bullish momentum is gaining traction! With strong fundamentals from the @Fantom Foundation, this altcoin is poised for a breakout. Keep an eye on the charts—$FTM could be your next big opportunity!

#Fantom #Altcoin #CryptoTrends #Sonic #DODOEmpowersMemeIssuance

Band Protocol announces an integration with Sonic testnet

#BandProtocol integrates with #Sonic testnet as its first push-based oracle, improving the reliability and accuracy of data for dApps on the network. Through this integration, Band Protocol will leverage Sonic's advanced capabilities to provide robust, secure and efficient Oracle solutions, optimizing integration, enhancing reliability and supporting developer innovation.

Moreover, Band Protocol ensures that dApps such as Cross-Chain Routers, #DeFi platforms, AMMs and Lending Protocols receive reliable price feeds for assets like DAI, $ETH , $FTM , USDC, USDT and WBTC on the Sonic testnet, with plans to support additional assets as demand increases.

👉 blog.bandprotocol.com/bandprotocol-sonic-oracle-integration/