The Fantom Foundation announced its plans to establish the Sonic Foundation and Sonic Labs ahead of the rollout of its Sonic blockchain. Associated with this new chain, the Sonic Foundation will manage governance and treasury, while Sonic Labs will focus on the development of decentralized applications across the network. Still under development, Sonic is designed to be a high-performance blockchain with sub-second finality. It represents the next evolution of the existing Opera network by Fantom.
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