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Blockchain leisure specialist Sophon has raised $60 million in a node sale hosted by the zkSync Hyperchain platform, lower than per 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 further 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 consumers will function validators. As an alternative, they may obtain ERC-721 tokens, which supply a number of advantages. These embody buying Sophon tokens, with 20% of the entire provide distributed to node license holders inside the first 36 months post-launch.
Moreover, consumers 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 quite than yesterday, and I am satisfied that in just a few years, wanting again on the design and infrastructure decisions Matter Labs made will appear apparent. I’ll proceed to work intently with the wonderful Matter Labs group,” stated Sophon.
Node license holders may also 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. Contributors can stake belongings like $BEAM from the Beam community and $ZENT from Zentry, with extra belongings 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 consumer expertise and entice expertise in AI, gaming, and leisure.