Sophon Surpasses $60M Funding Goal in zkSync Node Sale

Sophon, an entertainment-focused Layer 2 solution built on zkSync Hyperchain, has raised $60 million in its node sale, surpassing its initial funding goal. The sale attracted significant interest, with 121,000 nodes sold to date. Sophon's unique model leverages Hyperchain architecture, featuring a central sequencer and node license holders who earn a portion of network fees. The project plans to launch as a Layer 2 rollup validium in Q3 2024 and is also launching an airdrop campaign to promote the distribution of its $SOPH token.

Sophon Raises $60 Million in Node Sale on zkSync Hyperchain, Surpassing Funding Goal

Sophon, an entertainment-focused blockchain platform built on zkSync Hyperchain, has raised an impressive $60 million through its node sale, signaling strong investor confidence in the burgeoning project. Launched less than a week ago, the sale received overwhelming support, surpassing its financial target by attracting over $60 million in wETH.

The node sale introduced 200,000 nodes structured in multiple tiers, offering investors varying levels of participation. The sale's success follows a previous $10 million funding round, which included significant backing from industry leaders such as Paper Ventures and Maven 11, as well as contributions from Spartan, SevenX, and OKX Ventures.

Sophon: A Distinctive Approach

Sophon distinguishes itself from traditional blockchain networks by leveraging the Hyperchain modular blockchain architecture pioneered by Matter Labs. This approach employs a central sequencer to streamline operations, reducing the need for numerous active validators. Instead, node license holders can delegate their licenses to earn a share of network fees.

Furthermore, Sophon utilizes ERC-721 node licenses, which enable holders to earn Sophon tokens. Notably, 20% of the total token supply will be distributed over the first 36 months post-launch. These licenses grant holders the ability to participate in network validation and governance activities, including indexing or running a light node.

Airdrop Campaign to Foster Token Distribution

To further promote the $SOPH token distribution, Sophon is launching a unique airdrop campaign. The campaign will initially involve staking assets such as $BEAM and $ZENT. Additional details on the campaign and the inclusion of other staking assets will be announced in the coming weeks.

Conclusion

Sophon's successful node sale reflects the growing excitement surrounding zkSync Hyperchain and the innovative approach adopted by the project. Its unique architecture, offering scalability, security, and a seamless user experience, has garnered considerable attention within the blockchain community. The upcoming token airdrop campaign is expected to further fuel interest in Sophon and its mission to revolutionize the entertainment industry through blockchain technology.