Sophon, a zkSync 'hyperchain' or a Layer 2 network being built using Matter Labs' ZK Stack, has raised around $60 million via a node sale.
Sophon, a zkSync "hyperchain" or a Layer 2 network being built using Matter Labs' modular, open-source framework ZK Stack, has raised around $60 million via a node sale.
In terms of wETH, Sophon collected 20,800 wETH, Sebastien , Sophon's semi-anonymous co-founder and former head of DeFi at zkSync, told The Block in an interview. Sophon's other two co-founders are crypto Twitter personality Pentoshi, who has nearly 800,000 followers, and "a trader and team member at Merit Circle," a gaming-focused decentralized autonomous organization.Sophon's node sale started and closed within the past two weeks, Seb said.
According to Seb, node sales empower communities as they essentially get exposure to project tokens at an early stage at a discounted price and receive token airdrops. Sophon has earmarked 20% of its token's total supply for node license holders to distribute over the first 36 months after Sophon's mainnet launch.
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