Blockchain leisure specialist Sophon has raised $60 million in a node sale hosted by the zkSync Hyperchain platform, lower than every week after the public sale started.

The sale featured 200,000 nodes and raised over $60 million in Wrap (wETH). This was preceded by his $10 million funding spherical led by Paper Ventures and Maven 11, with further investments from Spartan, SevenX, and OKX Ventures.

Sophon makes use of a modular blockchain structure created by Matter Labs, which develops zk-rollup options for the Ethereum Layer 2 ecosystem.

Regardless of promoting 121,000 nodes, Sophon clarified that not all patrons will act as validators. In return, he’ll obtain ERC-721 tokens, which is able to present a number of advantages. These embrace the acquisition of his Sophon tokens, and his 20% of the whole provide might be distributed to his license holders of Node inside the first 36 months after launch.

As well as, patrons can take part in community validation and earn a portion of community charges when Sophon launches as a Layer 2 validation rollup, scheduled for Q3 2024.

“In comparison with different stacks in the marketplace, I do know this product in and out. It's all about constructing for tomorrow, not yesterday. I'm assured that this can turn into clearer as we mirror on our infrastructure decisions, and I stay up for working carefully with the superb Matter Labs crew,” mentioned Sophon.

Node license holders additionally play a job in indexing the chain and working gentle nodes, and sooner or later a decentralized consensus mannequin is deliberate that can require these licenses for community operation. Unpurchased or unused licenses are destroyed on the finish of the sale and are set to be taken out of circulation.

Moreover, Sophon is planning its personal airdrop marketing campaign to broadly distribute $SOPH tokens. Individuals can stake property comparable to Beam Community's $BEAM and Zentry's $ZENT, with extra property to be introduced.

Co-founded by Sebastien, former head of DeFi at zkSync, and Pentoshi, a crypto dealer, Sophon is an entertainment-focused ecosystem powered by zkSync's hyperchain expertise. The platform leverages zkSync's native account abstraction and different options to enhance the person expertise and entice expertise in AI, gaming, and leisure.