The Good Tech Companies - Sophon Mainnet Goes Live With $500M TVL And Strategic Industry Collaborations

Episode Date: December 18, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/sophon-mainnet-goes-live-with-$500m-tvl-and-strategic-industry-collaborations. 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 reward Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #sophon, #chainwire, #press-release, #sophon-blockchain, #blockchain-development, #zero-knowledge-proofs, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Sophon is the first-ever Validium on ZKsync, powered by Avail DA. The SOPH token deploys today in a non-transferable state, with all transactions free for users during this initial phase. Sophon has seeded the $40M Tactical Compute initiative.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Sofon Mainnet goes live with $500 million TVL and strategic industry collaborations, by Chainwire. Dubai, India, December 18, 2024, Chainwire, Sofon has launched its mainnet, introducing the first-ever Validium on ZK-Sync powered by Avail DA. With over $500 million in total value locked TVL through the Sofon farming program and a growing ecosystem of established partners, Sofon is paving the way for scalable, consumer-focused blockchain applications. The launch comes with significant community support. Over 120,000 node license spur chased

by more than 5,800 unique participants are now open for claiming. The SOF 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, with full token transferability and trading expected in Q12,025. Launch Partners' Driving Adoption Softens Consumer First approach focuses on delivering user experiences that encourage mainstream crypto engagement. Debuting with industry leaders selected for their ability to bring blockchain benefits to everyday users Mirai Labs, leading mobile gaming studio with 27M plus onboarded wallets

to date. Open ticketing. Already powering 7 M plus tickets across 24,000 events globally. Ether. Delivering next-generation distributed computing solutions. Rivalry. The publicly listed betting company bringing community ownership to the billion-dollar betting industry. Anomaly. AI-powered agent orchestration across Reddit, Telegram, and Discord. Noon, Brutal Nights, GAMP, and more. Pioneering consumer-first cryptos often 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, Sofon 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. Sofon is a strategic partner in this accelerator, supporting the advancement of blockchain-based gaming. Additionally, Sofon has seeded the $40 million Tactical Compute Initiative, targeting projects building at the intersection of crypto and AI. These partnerships censure Sofon as not just building infrastructure, it's contributing to the growth of the entire ecosystem. History in the McKinsofons mainnet launch is the first ever Validium on

ZK-SYNC 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, Sofon ensures high performance, maintaining full decentralization and data availability, working to set a new standard for modular blockchain designs. Greater than, Sofon embraces the full potential of the Avail network, illustrating how greater than blockchains can maintain provable decentralization even in high-volume use greater than cases like entertainment, states Anurag Arjun, co-founder of Avail. ZK-Sync is a protocol to deploy L2 blockchains designed to scale Ethereum while maintaining data privacy through a Validium implementation utilizing Avail DA.

The zero-knowledge protocol is leveraged to effectively scale the network while also enhancing interoperability. Greater than Alex Gluchowski, co-inventor of ZK-SYNC, commented, Sofon's mainnet launch on Greater than ZK-SYNC marks a pivotal moment in the evolution of blockchain technology. As a greater than ZK-SYNC Validium leveraging avail, Sofon is poised to transform the industry greater than by offering enhanced scalability, security, and cost efficiency. With a strong greater than focus on user experience and a growing ecosystem of innovative partners, greater than Sofon is well positioned to unlock the full potential of blockchain for greater than consumers around the

world. This modular architecture establishes a new benchmark in blockchain design, making Sofon well-suited for high-throughput applications aiming for mainstream adoption. Greater than, the internet didn't need to explain how it worked to change the world. Crypto greater than shouldn't either, said Sebastian, co-founder and CEO of Sofon. Sofon is greater than building the destination where digital culture, entertainment, and value greater than seamlessly flow together. Making crypto a natural part of everyday lifestyle greater than applications. Today is day zero of that journey. About Sofon

Sofon is the ultimate platform for next-gen entertainment applications, spanning everything from gaming to eye-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 Sofon, users can visit Sofon XYZ Media Contact, Oskari Tempaka, Oskari at Sofon XYZ, about Avail. The Avail network is a modular application development stack designed to establish blockchains as the verification system for the internet. By addressing key challenges in roll-up scalability, interoperability,

and usability, Avail provides a foundational data availability DA layer built on the same technology planned for Ethereum's Danksharding roadmap, including KZG commitments and data availability sampling, DOS. Avail is led by Polygon's former co-founder Anurag Arjun and research lead Prabal Banerjee. Start your Avail journey today at availproject.org. To learn more about Avail, users can visit availproject.org media contact. Luke Richardson, Luke at CLPR. Agency, about ZK-SYNC Sync is the pioneering zero-knowledge technology powering the next generation of builders with limitless scale. Secured by math and designed for native interoperability, ZK-SYNC enables the elastic

network, an ever-expanding ecosystem of customizable chains. Deeply rooted in its mission to advance personal freedom for all, the ZK-SYNC technology makes digital self-ownership universally available. To learn more about ZK-SYNC, users can visit http://www.zksync.io Contact Anu Shekhawat Avalanu at avaleproject.org Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.