Blockhain Sophon secured $10 million in funding from high-profile investors while remaining shrouded in mystery.
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March 29, 2024
Posted: March 29, 2024 1:57 PM Updated: March 29, 2024 1:57 PM
Tortola, BVI, March 29, 2024, Chainwire
Mysterious blockchain Sophon successfully raised $10 million led by Paper Ventures and Maven11. This funding round saw contributions from renowned companies such as Spartan, SevenX, OKX Ventures, and Huobi Ventures.
So far, few details are known about exactly what Sophon entails, with only a handful of tweets. The project’s Riddle
“Our investment in Sophon is consistent with our vision to support projects that are not only technologically advanced, but have the potential to have a significant impact on local communities,” said Denmark Chaudhry, general partner at Paper Ventures.
“Sophon’s unique and innovative approach to blockchain deployment represents a new frontier for the industry. We are very excited to be part of this journey and have full confidence in Sophon’s ability to make a significant impact not only on web3 but beyond.”
Several industry leading figures have been in contact with Sophon for further strategic collaborations, details of which will be revealed by the team in due course, and there are several projects rumored to be built on top of Sophon in the gaming and AI space.
Through its strong network, strategic collaborations, and fierce commitment to innovation, Sophon has already made a significant impact on VCs and angel investors who have decided to support its secret vision. The pioneers of this project are excited to share more details soon.
About Sophone:
Sophon is a blockchain backed by a consortium of leading investors. Despite its value proposition remaining largely secret, the project has already raised $10 million from a number of high-profile investors and signed several meaningful strategic partnerships.
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