Blockchain leisure specialist Sophon has raised $60 million in a node sale hosted by the zkSync Hyperchain platform, lower than every week after the public sale started.
The sale featured 200,000 nodes and amassed over $60 million in wrapped (wETH). This was preceded by a $10 million funding spherical led by Paper Ventures and Maven 11, with extra investments from Spartan, SevenX, and OKX Ventures.
Sophon makes use of the modular blockchain structure crafted by Matter Labs, which develops zk-rollup options for the Ethereum Layer 2 ecosystem.
Regardless of promoting 121,000 nodes, Sophon clarifies that not all patrons will function validators. As a substitute, they may obtain ERC-721 tokens, which supply a number of advantages. These embody buying Sophon tokens, with 20% of the whole provide distributed to node license holders throughout the first 36 months post-launch.
Moreover, patrons can take part in community validation and earn a share of the community charges upon Sophon’s anticipated Q3 2024 launch as a Layer 2 validium rollup.
“I do know the product inside-out compared to different stacks in the marketplace. It’s all about constructing for tomorrow moderately than yesterday, and I am satisfied that in a couple of years, trying again on the design and infrastructure decisions Matter Labs made will appear apparent. I’ll proceed to work intently with the superb Matter Labs group,” mentioned Sophon.
Node license holders will even play roles in indexing the chain or working mild nodes, with future plans for a decentralized consensus mannequin requiring these licenses for community operation. Unpurchased or unused licenses on the finish of the sale are set to be destroyed to make sure they don’t enter circulation.
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As well as, Sophon is planning a singular airdrop marketing campaign to distribute its $SOPH token broadly. Members can stake property like $BEAM from the Beam community and $ZENT from Zentry, with extra property to be introduced.
Co-founded by Sebastien, former Head of DeFi at zkSync, and crypto dealer Pentoshi, Sophon is an entertainment-focused ecosystem utilizing zkSync’s hyperchain expertise. The platform leverages zkSync’s native account abstraction and different options to enhance person expertise and appeal to expertise in AI, gaming, and leisure.
