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Sophon Mainnet Goes Live With $500M TVL And Strategic Industry Collaborations
- Dubai-based blockchain platform, Sophon, has launched its mainnet, featuring the first-ever Validium on ZKsync powered by Avail DA.
- Sophon's farming program has $500m in total value locked, with over 120,000 node licenses purchased by more than 5,800 unique participants open for claiming.
- The platform's mainnet will utilise partners, including Mirai Labs, Aethir, NooN, and split up betting firm Rivalry, which is bringing community ownership to the billion-dollar betting industry.
- Sophon is using Avail's modular application development stack to maintain full decentralisation and data availability. Avail is currently developing a foundation data availability layer built on the same technology planned for Ethereum’s sharding roadmap.
- The zero-knowledge protocol ZKsync is leveraged to scalability within Sophon's high-throughput applications.
- Sophon aims to attract mainstream users by focusing on value, entertainment and user experience to naturally benefit from blockchain's capabilities, creating an ecosystem that enhances the user experience.
- Sophon and Beam, which is launching the first gaming-focused fund and accelerator in Abu Dhabi with a target size of $150m, have partnered, with Sophon becoming a strategic partner in the accelerator.
- Sophon has seeded the $40m Tactical Compute initiative, aiming at projects building at the intersection of crypto and AI.
- Node holders will begin getting rewards from January 1st, with full token transferability and trading expected in Q1 2025.
- The internet didn't need to explain how it worked to change the world. Crypto shouldn't either,” said Sebastien, co-founder & CEO of Sophon.
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