As a seasoned analyst with over two decades of experience in the tech and blockchain industries, I can confidently say that Sophon’s mainnet launch is a groundbreaking event that could potentially revolutionize the way we perceive and interact with decentralized technologies.
Dubai, India, December 18th, 2024, Chainwire
Sophon has launched its mainnet, introducing the first-ever Validium on ZKsync powered by Avail DA. With over $500M in Total Value Locked (TVL) through the Sophon farming program, and a growing ecosystem of established partners, Sophon is paving the way for scalable, consumer-focused blockchain applications.
This launch enjoys strong community backing: Over 5,800 distinct individuals have bought approximately 120,000 node licenses, which are now ready for redemption starting today. The SOPH token is being introduced today as non-transferable, with all transactions costing users nothing during this introductory phase. Starting from January 1st, node owners will start receiving rewards. Full token transferability and trading is anticipated in Q1 of 2025.
Launch Partners Driving Adoption
Sophon’s consumer-centric strategy is centered around creating user experiences that invite widespread participation in the realm of cryptocurrency. Kickstarting this journey by collaborating with prominent industry figures, chosen for their skills in translating blockchain advantages into practical uses for everyday consumers.
- Mirai Labs: Leading mobile gaming studio with 27M+ onboarded wallets to date.
- OPEN Ticketing: Already powering 7M+ tickets across 24,000 events globally.
- Aethir: 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 Knights, Gamp, and more.
Pioneering Consumer-First Crypto
Sophon recognizes that most users prefer experiences and worth over the technical aspects of blockchain. By concentrating on entertaining apps that inherently profit from blockchain’s features, Sophon is developing a system where the technology simplifies instead of adding complexity to the user experience.
This vision is strengthened by strategic alliances with trailblazers in the industry, such as Beam, who are initiating the first gaming-centric fund and accelerator in Abu Dhabi with a planned size of $150M. Sophon plays a vital role in this accelerator, promoting the development of blockchain gaming. Moreover, Sophon has kickstarted the $40M Tactical Compute project, focusing on projects that combine cryptocurrency and artificial intelligence. These connections mean that Sophon is not just creating infrastructure; it’s fostering growth across the entire ecosystem.
History in the making
The initial launch of Sophon’s mainnet marks the debut of Validium on ZKsync utilizing an external data availability layer powered by Avail, offering unprecedented scalability, security, and cost efficiency. By constructing its own Light Nodes using Avail’s flexible application development framework, Sophon guarantees superior performance while preserving full decentralization and data accessibility. This approach aims to redefine the norm for modular blockchain designs.
As an analyst, I’d rephrase it as: “I, Anurag Arjun, Co-founder of Avail, demonstrate that Sophon maximizes the capabilities of our network, showcasing how blockchain technology can effectively ensure decentralization in high-volume use cases such as entertainment.
ZKsync represents a system for building second-layer Ethereum blockchains, aiming to increase scalability without compromising privacy. This is achieved through the use of Validium, an implementation of Avail DA technology. Essentially, this zero-knowledge protocol helps us scale the network more efficiently and improve interoperability as well.
Alex Gluchowski, one of the creators of ZKsync, stated, “The mainnet launch of Sophon on ZKsync represents a significant step forward in the development of blockchain technology. As a platform utilizing ZKsync’s Validium powered by Avail, Sophon is set to revolutionize the industry by providing improved scalability, security, and cost-effectiveness. With a commitment to user experience and a rapidly expanding network of inventive collaborators, Sophon is ideally placed to maximize the benefits of blockchain technology for consumers globally.
The modular structure of Sophon sets a fresh standard in blockchain development, positioning it as an ideal choice for demanding, high-volume applications that strive for widespread acceptance within the mainstream market.
According to Sebastian, Co-Founder & CEO of Sophon, “The internet didn’t require an explanation of its workings to transform the world, and neither should crypto.” What Sophon is working on is creating a platform where digital culture, entertainment, and value effortlessly coexist – making cryptocurrency a natural aspect of everyday applications. This marks the beginning of that journey for us today.
About Sophon
Sophon serves as a premier platform for creating cutting-edge entertainment applications, encompassing various domains such as gaming and AI-enhanced experiences. It’s poised to become the preferred choice for innovators and industry leaders in entertainment, providing them with an onchain environment to develop their products, offering unique opportunities for users to earn, interact, and have fun.
To learn more about Sophon, users can visit sophon.xyz
Media Contact: Oskari Tempakka (oskari@sophon.xyz)
About Avail
The Avail Project offers a versatile setup for building applications, specifically intended to make blockchains the underlying verification mechanism of the internet. By tackling crucial issues such as scalability in rollups, interoperability, and user-friendliness, Avail lays the groundwork for a fundamental Data Availability (DA) layer. This layer is based on the same tech outlined in Ethereum’s sharding roadmap, incorporating KZG Commitments and Data Availability Sampling (DAS). Avail is steered by Anurag Arjun, a former co-founder of Polygon, and Prabal Banerjee, its research lead. Embark on your journey with Avail today at availproject.org.
To learn more about Avail, users can visit availproject.org
Media Contact: Luke Richardson (luke@clpr.agency)
About ZKsync
Way of Paraphrasing: ZKsync represents cutting-edge zero-knowledge tech, empowering future developers with boundless capacity. Its security is based on math and it’s built for seamless integration, creating the elastic network – a continuously growing collection of customizable blockchains. Committed to promoting individual liberty for all, ZKsync technology ensures universal access to digital self-ownership.
To learn more about ZKsync, users can visit http://www.zksync.io
Contact
Annu Shekhawat
Avail
annu@availproject.org
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2024-12-18 21:25