ChainCatcher news, Sonic Labs (formerly Fantom) officially announced the launch of the Sonic mainnet in December 2024. CEO Michael Kong responded on social media that the launch date will not be December 27 or 31, suggesting it will go live earlier in the month.

ChainCatcher news, Sonic Labs co-founder Andre Cronje expressed his views on the recent controversy regarding "listing fees" from exchanges. He stated, "Binance did not charge us a listing fee, but Coinbase has repeatedly requested fees, quoting $300 million, $50 million, $30 million, and the most recent quote was $60 million."Some supporters of Coinbase responded by claiming that Andre may have contacted fake Coinbase listing workers and questioned Sonic Labs' background checks.Andre responded again, saying, "I did not sign a confidentiality agreement, so I am more than happy to provide relevant evidence (the quotes came from multiple employees/departments at Coinbase, raised over the years via email, Telegram, and Slack). What is certain now is that Coinbase can argue this is not a listing fee, but other fees, yet it still translates into the listing costs for the project. I know Coinbase may legally make some distinctions, but I am happy to disclose all evidence and let the public assess."

ChainCatcher message, Sonic Labs (formerly Fantom) co-founder Andre Cronje stated: "The real cost of running a blockchain (even a semi-successful one) for all L2s or application chains is as follows: the upfront cost for oracles and stablecoins is $7.5 million, with an annual cost of $3.5 million; the upfront cost for RPC, indexing, and dashboards is $200,000, with an annual cost of $700,000; VRF, Keepers, wallet support, and governance cost $500,000 annually; explorers, custody, and risk management cost $800,000 annually, totaling $13.2 million. The above applies only to Sonic.Here is our cost situation from last year: R&D $10.9 million; ecosystem $10.7 million; legal $410,000; compliance $3.8 million; infrastructure $2.4 million; marketing $1.4 million; bounties $1.2 million; sponsorship $400,000; media $350,000; regulation $200,000; events $100,000; total cost $35.6 million. (The above does not include exchange listings, fortunately, we do not need to do this this year.)"

ChainCatcher news, Sonic Labs (formerly Fantom) announced on the X platform that .sonic domain registration is now open, with UnstoppableWeb as the exclusive on-chain provider for .sonic domains, supporting users' digital identities.

ChainCatcher news, Sonic Labs Chief Technology Officer Andre Cronje stated: "L2 as an application chain does not make sense for developers:Almost no infrastructure support at deployment (such as stablecoins, oracle, and institutional custody);No foundation or lab to provide assistance;Centralized architecture is vulnerable;Fragmented liquidity and forced through cross-chain bridges;Lack of user and developer community;Spending time dealing with the above issues instead of applications and users;Eliminating network effects;Still requires long transaction confirmation times (some providers are unwilling to cooperate);Developed in isolation (without collaborative teams).Application chains also severely underestimate the costs of infrastructure and compliance (browsers, hosting, trading platforms, oracles, bridging, toolkits, IDEs, on/off ramps, native issuance and integration, regulation, compliance). In 2024 alone, $14 million has already been spent, a significant portion of which is recurring costs."

ChainCatcher news, Sonic Labs (formerly Fantom) co-founder Andre Cronje tweeted: "Investors and businesses want to achieve centralization. Decentralized profitability is difficult and challenging. In the future, we will see many DApps become L2, and eventually (when they get tired of managing) decentralize and become L1. Just as many L1s will become L2 until they need to decentralize and become L1 again. Let the fragmentation continue. Compared to all the technical concepts I've learned, I believe monolithic technology is the winner."

ChainCatcher news, Sonic Labs (formerly Fantom) chooses LayerZero to provide interoperability for Sonic.

ChainCatcher news, Sonic Labs co-founder Andre Cronje stated on X that the Sonic mainnet will be open to the public in December 2024.Key highlights of Sonic:Up to 90% Gas rebate returned to the protocol from user/contract TXTrue 10k tps+ // ~1s TTFNative stablecoinSecurity gateway for EthereumFunding available through Sonic BOOMFunding provided through the Innovators Fund200 million token airdrop

ChainCatcher message, Sonic Labs announced the winners of Meme Season Round 2 on X, which are: @HOOPS_is_Sonic, @theFantomgoat, @fantomsonicinu, @MCLBfbombsFIERY, @TangoJRT, and @TinHat_Cat, who will receive a reward of 750,000 FTM.

ChainCatcher news, Sonic Labs announced on X that the Sonic testnet is now live.According to RootData, Sonic is a Layer-1 platform with an Ethereum-secured gateway, providing the fastest settlement layer for digital assets, with a TPS exceeding 10,000 and a transaction confirmation time of one second.

ChainCatcher message, Sonic Labs (formerly Fantom) has issued a reminder on social media that the S token has not yet been launched. Any advertisements claiming that S airdrop claims or migrations are open are scams.

ChainCatcher news, Sonic Labs (formerly known as Fantom) announced on social media that the blockchain data analysis platform Dune will immediately support viewing data from the Sonic mainnet after its launch.

ChainCatcher news, according to official sources, Sonic Labs (formerly Fantom) announced that the Sonic testnet will go live next week.

ChainCatcher message, according to SonicLabs (formerly Fantom) team news, Sonic Labs has launched a new bounty program called "Sonic Boom," aimed at promoting the development of key applications in areas such as exchanges, lending, tools, payments, stablecoins, yield, gaming, and NFTs to drive the growth of the Sonic network.It is reported that the program will last nearly 13 weeks and will conclude on November 4, rewarding up to 30 winning projects based on carefully crafted criteria, with SonicGems as the reward. Sonic Gems are points that users can use to participate in future airdrops. Sonic is a new tech stack within the Fantom blockchain ecosystem, expected to handle over 2000 transactions per second, with an average final confirmation time of one second.

ChainCatcher news, Sonic Labs announced on X that Andre Cronje, a director of Sonic Labs, has officially become its new Chief Technology Officer (CTO).Andre will continue to lead the design and development of the Sonic network, focusing on creating new native bridging technology for the "Sonic Gateway," which will greatly enhance the security and convenience of transferring assets from other chains (such as from Ethereum to Sonic).Andre will succeed the outgoing Quan Nguyen, who played a significant role in the development of Sonic's original aBFT technology.

ChainCatcher news, according to Coingape, Fantom has announced its rebranding to Sonic Labs.Sonic Labs plans to gain support by introducing a large-scale incentive program, and Sonic will use the S token. This new token will enter the ecosystem through large-scale airdrops, simplified staking, incentive programs, and more. Although the transition from Fantom to Sonic Labs has been completed, the launch of Sonic will wait until Q4.According to the description provided on the Sonic Labs launch page, Sonic is a Layer-1 platform with a secure gateway to Ethereum.

ChainCatcher news, according to the official announcement from the Fantom Foundation, the Fantom Foundation has announced the establishment of the Sonic Labs Innovators Fund, which will invest up to 200 million FTM to attract more innovative mainstream dApp applications to migrate to the Sonic network.

ChainCatcher news, according to the official announcement, the Fantom Foundation has announced that the CEO of Balancer Labs has joined its startup accelerator program Sonic Labs as a mentor.It is reported that in December last year, the Fantom Foundation launched the Sonic Labs startup accelerator program, aimed at promoting innovation within the new Sonic technology stack of Fantom and providing resources and support for the next generation of web3 entrepreneurs.

ChainCatcher news, according to the official announcement, the Fantom Foundation has announced five award-winning projects from the Sonic Labs incubator, which are: the perpetual DEX project Lynx that supports any token as collateral, the social protocol Thunder Dome, the P2P lending platform Dēbita, the green tech startup KiriCoin, and the RPG blockchain game Froqorion.It is reported that the Fantom Foundation previously announced the launch of the Sonic Labs startup accelerator program, aimed at promoting innovation within the new Sonic technology stack of Fantom, providing resources and support for the next generation of Web3 entrepreneurs. The program will select five projects, providing each with funding support of 1 million FTM (approximately $294,000), as well as technical support, co-marketing, and mentorship.