Sophon Secures $60M in Node Sale to Build AI & Gaming-focused Ecosystem
Summary:
Sophon, an entertainment-centered zkSync Hyperchain, has raised $60m in Wrapped Ether via a node sale. The funding will support the launch of an AI and gaming-focused ecosystem leveraging Zero Knowledge technology. The major investment points to a growing demand for robust infrastructure in sectors like gaming and AI. Alongside capital raising, the node sale also served to establish a committed community of holders who can anticipate future airdrops and rewards. These initiatives aim to build a strong community to support and enhance the network effects of projects developing on the protocol.
The entertainment-oriented zkSync Hyperchain, Sophon, has successfully raised $60 million in Wrapped Ether (wETH) in its recent node sale. This funding will go towards the development and anticipated 2024 third quarter launch of Sophon - an artificial intelligence (AI) and gaming-centric ecosystem powered by Zero Knowledge (ZK) technology. The node sale's impressive $60 million turnout signifies a high yield for an upcoming project. Seb, the co-founder of Sophon, attributes this success to the increasing demand for sturdy infrastructure in entertainment-centered sectors such as AI and gaming.
He shared in his discussion with Cointelegraph that gaming and AI sectors necessitate innovative partners capable of scaling with minimal cost and dependability. The choice of ZK technology is due to its larger TPS capacity and reduced fees on the zkSync codebase, leading to less erratic gas fluctuations.
Robust infrastructure plays a critical part in meeting user demand and processing high volumes of microtransactions in gaming and AI protocols. As Seb elaborated, these high volumes of transactions can only be managed by a zkEVM running in Validium mode, which promises not only the lowest fees but also the most scalable infrastructure that won't buckle under network surges.
A total of 200,000 nodes were sold during the node sale, further bolstering Sophon's latest $10 million funding round led by prominent investors such as Spartan, SevenX, OKX Ventures, and Huobi Ventures.
Node sales extend beyond simple capital raising. They also aim to establish a foundational community of holders who can expect worthwhile rewards and airdrops in the future. Airdrops are frequently used to draw new users to decentralized finance (DeFi) protocols that are in their early stages. These incentives involve the issuance of new tokens to early adopters who have interacted with a protocol.
For Sophon, these encouraging rewards aim to cultivate a dynamic community of developers and advocates that could enhance the network effects of projects built on their protocol. With this positive momentum, Sophon’s community growth can attract gaming and AI projects to choose them over other options.
Published At
5/8/2024 4:29:52 PM
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