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Cryptocurrency News Articles
Sophon Mainnet Launch Marks a Pivotal Moment in the Evolution of Blockchain Technology
Dec 19, 2024 at 03:48 am
Sophon has launched its mainnet, introducing the first-ever Validium on ZKsync powered by Avail DA. With over $500 million in TVL (total value locked)
Sophon Launches Mainnet on ZKsync, Pioneering Consumer-First Crypto Applications
Powered by Avail DA for Unmatched Scalability, Security and Savings
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Announcing the Mainnet Launch of Sophon on ZKsyncValidium
Validium is a Layer 2 scaling solution that combines the security of a zk-Rollup with the high throughput of a Plasma chain. It allows users to perform a large number of transactions at a very low cost, while still maintaining the same level of security as the main Ethereum chain.
Sophon, a next-generation entertainment platform, has officially launched its mainnet on ZKsyncValidium, becoming the first-ever Validium on ZKsync to utilize an external data availability layer powered by Avail DA. This integration marks a significant step forward in the mass adoption of blockchain technology for consumer-oriented applications.
With over $500 million in TVL through the Sophon farming program and a growing ecosystem of established partners, Sophon is paving the way for scalable, user-friendly blockchain applications.
The launch comes with significant community support – over 120,000 node licenses purchased by more than 5,800 unique participants are now open for claiming. The SOPH token deploys today in a non-transferable state, with all transactions free for users during this initial phase. Node holders will begin getting rewards from January 1, 2025, with full token transferability and trading expected in Q1 2025.
Sophon’s consumer-first approach focuses on delivering user experiences that encourage mainstream crypto engagement. Debuting with industry leaders, Sophon is selected for their ability to bring blockchain benefits to everyday users.
Sophon understands that mainstream users prioritize experiences and value over the underlying blockchain technology. By focusing on entertainment applications that naturally benefit from blockchain’s capabilities, Sophon is creating an ecosystem where the technology enhances rather than complicates the user experience.
This vision is reinforced through strategic collaborations with industry pioneers, like Beam, which is launching the first gaming-focused fund and accelerator in Abu Dhabi with a target size of $150 million. Sophon is a strategic partner in this accelerator, supporting the advancement of blockchain-based gaming.
Additionally, Sophon has seeded the $40 million Tactical Compute initiative, targeting projects building at the intersection of crypto and AI. These partnerships ensure Sophon is not just building infrastructure – it’s contributing to the growth of the entire ecosystem.
Sophon’s mainnet launch is the first-ever Validium on ZKsync to leverage an external data availability layer powered by Avail, bringing unmatched scalability, security and savings. By using Avail’s modular application development stack to create its own ‘light nodes,’ Sophon ensures high performance, maintaining full decentralization and data availability, working to set a new standard for modular blockchain designs.
Anurag Arjun, co-founder of Avail, said, “Sophon embraces the full potential of the Avail Network, illustrating how blockchains can maintain provable decentralization even in high-volume use cases like entertainment.”
ZKsync is a protocol to deploy layer-two blockchains designed to scale Ethereum while maintaining data privacy through a Validium implementation utilizing Avail DA. The ZK (zero-knowledge) protocol is leveraged to effectively scale the network while also enhancing interoperability
Alex Gluchowski, co-inventor of ZKsync, said, “Sophon’s mainnet launch on ZKsync marks a pivotal moment in the evolution of blockchain technology."
“As a ZKsync Validium leveraging Avail, Sophon is poised to transform the industry by offering enhanced scalability, security and cost-efficiency."
“With a strong focus on user experience and a growing ecosystem of innovative partners, Sophon is well-positioned to unlock the full potential of blockchain for consumers around the world.”
This modular architecture establishes a new benchmark in blockchain design, making Sophon well-suited for high-throughput applications aiming for mainstream adoption.
Sebastien, co-founder and CEO of Sophon, said, “The internet didn’t need to explain how it worked to change the world. Crypto shouldn’t either.”
“Sophon is building the destination where digital culture, entertainment and value seamlessly flow together – making crypto a natural part of everyday lifestyle applications. Today is day zero of that journey.”
About Sophon
Sophon is the ultimate platform for next-gen entertainment applications, spanning everything from gaming to AI-powered experiences. It’s primed to be the go-to destination for entrepreneurs and major players in the entertainment industry looking to build their products on-chain, offering users novel ways to earn, engage and enjoy themselves. To learn more about Sophon, users can visit the website.
Media contact – Oskari Tempakka
About Avail
The Avail Network is a modular application development stack
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