Sophon Mainnet Launches with $500 Million TVL and Strategic Industry Collaboration

Dubai, India, December 18, 2024, Chainwire

Sophon launched its mainnet with the first Validium deployment on ZKsync powered by Avail DA. With over $500 million in Total Value Locked (TVL) through the Sophon Agricultural Program and a growing ecosystem of existing partners, Sophon is paving the way for scalable, consumer-focused blockchain applications.

This release comes with significant community support. You can now claim over 120,000 node licenses purchased by over 5,800 unique participants. SOPH tokens are currently distributed as non-transferable, and in this initial phase all transactions will be free to users. Node holders will begin receiving rewards on January 1, and full token transferability and trading is expected to occur in the first quarter of 2025.

Launch partners drive adoption

Sophon’s consumer-first approach focuses on providing a user experience that encourages mainstream cryptocurrency participation. Debuting with industry leaders selected for their ability to bring blockchain benefits to everyday users:

• Mirai Labs: A leading mobile gaming studio with over 27 million wallets built to date.
• Open ticketing: We’ve already sold more than 7 million tickets to 24,000 events around the world.
• It says: We provide next-generation distributed computing solutions.
• competition: It is a publicly traded betting company providing community ownership to the multi-billion dollar betting industry.
• anomaly: AI-powered agent orchestration across Reddit, Telegram, and Discord.
• There are NooN, Brutal Knights, Gamp, etc.

A pioneering consumer-first cryptocurrency

Sophon understands that mainstream users prioritize experience and value over the underlying blockchain technology. By focusing on entertainment applications that can naturally benefit from blockchain capabilities, Sophon is creating an ecosystem that enhances the technology rather than complicating the user experience.

This vision is strengthened through strategic collaborations with industry pioneers such as Beam, which is launching the first gaming-focused fund and accelerator in Abu Dhabi with a target size of $150 million. Sophon is a strategic partner of this accelerator, supporting the development of blockchain-based games. Sophon also seeded the $40 million Tactical Compute initiative, which targets projects built at the intersection of cryptocurrency and AI. Through these partnerships, Sophon is not just building infrastructure, but contributing to the growth of the entire ecosystem.

history is being made

Sophon’s mainnet launch is ZKsync’s first Validium, leveraging an external data availability layer powered by Avail to deliver unparalleled scalability, security, and cost savings. By using Avail’s modular application development stack to create its own light nodes, Sophon strives to ensure high performance, maintain full decentralization and data availability, and set a new standard for modular blockchain design.

“Sophon embraces the full potential of the Avail Network, demonstrating how blockchains can maintain provable decentralization even for high-volume use cases like entertainment.” Anurag Arjun, co-founder of Avail.

ZKsync is a protocol that deploys an L2 blockchain designed to scale Ethereum while maintaining data privacy through a Validium implementation that leverages Avail DA. Leverage zero-knowledge protocols to effectively scale networks while improving interoperability.

.Alex Gluchoski, Co-inventor of ZKsync“The mainnet launch of Sophon on ZKsync marks a pivotal moment in the evolution of blockchain technology. As ZKsync Validium leveraging Avail, Sophon is ready to transform the industry by providing improved scalability, security, and cost-effectiveness. With a focus on user experience and a growing ecosystem of innovative partners, Sophon is well-positioned to unlock the full potential of blockchain for consumers around the world.”

This modular architecture sets a new standard in blockchain design, making Sophon suitable for high-throughput applications targeting mainstream adoption.

“There was no need to explain how the Internet worked to change the world. Cryptocurrency shouldn’t do that either.” said Sebastien, co-founder and CEO of Sophon. “Sophon is building a destination where digital culture, entertainment and value flow together seamlessly, making cryptocurrency a natural part of everyday lifestyle applications. “Today is day 0 of that trip.”

Introduction to Sophone

Sophon is the leading platform for next-generation entertainment applications, covering everything from games to AI-powered experiences. We are poised to become the go-to place for entrepreneurs and major players in the entertainment industry who want to build their products on-chain and provide users with new ways to monetize, engage, and have fun.

To learn more about Sophon, visit sophon.xyz.

Media Contact: Oskari Tempaka (oskari@sophon.xyz)

About Avail

Avail Network is a modular application development stack designed to build blockchain as the Internet’s verification system. By solving key issues around rollup scalability, interoperability, and usability, Avail provides an underlying data availability (DA) layer built on the same technologies planned for Ethereum’s danksharding roadmap, including KZG commitments and data availability sampling (DAS). Provides: Avail is led by Anurag Arjun, former co-founder of Polygon, and Prabal Banerjee, head of research. Start your Avail journey today at availproject.org.

To learn more about Avail, visit availproject.org.

Media Contact: Luke Richardson (luke@clpr.agency)

Introduction to ZKsync

ZKsync is a pioneering zero-knowledge technology that powers the next generation of builders at infinite scale. Secured by mathematics and designed for native interoperability, ZKsync powers a resilient network, an ever-expanding custom chain ecosystem. Deeply rooted in our mission to advance personal freedom for all, ZKsync technology makes digital self-ownership universally available.

To learn more about ZKsync, visit http://www.zksync.io.

contact

Annu Shekhawat
profit
annu@availproject.org