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Cryptocurrency News Articles

Sophon Hyperchain Surges to $60M Node Sale, Unveiling Gaming and AI Titan

May 08, 2024 at 09:03 pm

ZkSync-based entertainment hyperchain Sophon has raised around $60 million in a node sale in less than a week, adding to its previous $10 million funding. The funds will support the development of Sophon's network, tailored for high-throughput applications like AI and gaming, and the launch of the zkSync Hyperchain toolkit in Q3 2024. Sophon node holders will facilitate network decentralization and receive SOPH tokens as rewards.

Sophon Hyperchain Surges to $60M Node Sale, Unveiling Gaming and AI Titan

ZkSync Hyperchain Sophon Rockets to $60 Million in Node Sale, Unleashing a Gaming and AI Powerhouse

In a lightning-fast fundraising feat, Sophon, the entertainment-focused zkSync hyperchain, has secured a staggering $60 million in less than a week through an impressive node sale. This momentous achievement adds to the $10 million raised in an earlier funding round, led by industry titans OKX Ventures, Huobi Ventures, Spartan, and SevenX.

Sophon's mission is to revolutionize high-throughput sectors, such as artificial intelligence (AI) and gaming. Co-founded by the enigmatic Sebastien, former head of decentralized finance at zkSync, and Twitter crypto luminary Pentoshi, Sophon is poised to launch in Q3 2024, alongside the trailblazing zkSync Hyperchain toolkit.

The Sophon juggernaut offered 200,000 nodes, meticulously structured in various tiers, to eager investors. Their goal was to raise approximately $60 million in wrapped ether (WETH), a feat they accomplished with remarkable speed.

Once zkSync unveils its proof-of-authority feature for hyperchains, node holders will assume the pivotal role of operating the Sophon sequencer, contributing directly to the network's unwavering decentralization. As a reward for their invaluable service, they will be handsomely rewarded with Sophon's native currency, SOPH.

"The Sophon Hyperchain is a testament to our unyielding commitment to crafting an unparalleled playground for entertainment, efficiency, and security. By harnessing the transformative power of ZK technology, we're empowering AI, gaming, and countless other industries," proclaimed the Sophon team. "Our strategic partnerships with leading projects further validate our position as the preeminent hyperchain within the zkSync ecosystem."

Upon Sophon's grand launch, SOPH will be bestowed upon select users through an exclusive airdrop. Participation in this highly anticipated distribution requires the strategic staking of crypto assets, including BEAM, the cornerstone of the privacy-minded Beam Network, and ZENT, the lifeblood of the Zentry gaming platform.

Reflecting on the remarkable fundraising success, Sebastien expressed his unwavering belief in the zkSync ecosystem. "When I embarked on the path to create Sophon, selecting the ZK Stack was an absolute no-brainer," Sebastien affirmed. "I possess an intimate understanding of its capabilities, having witnessed its superiority firsthand. We're not simply building for the present; we're laying the groundwork for the digital realm of tomorrow. I have unwavering faith that, in the years to come, the architectural decisions made by Matter Labs will be hailed as strokes of genius. My unwavering collaboration with the extraordinary Matter Labs team will continue to fuel our collective pursuit of innovation."

Sophon's meteoric rise and the overwhelming support it has garnered from the crypto community serve as a resounding testament to its boundless potential. The hyperchain's unwavering focus on entertainment, coupled with its commitment to decentralization and a thriving ecosystem, positions it as an unstoppable force in the ever-evolving realm of blockchain technology.

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