- Fantom Foundation announces the creation of Sonic Foundation labs to support new blockchain "Sonic".
Fantom has announced it will create the Sonic Foundation and Sonic Labs to support "Sonic", a new blockchain that will connect to the Ethereum ecosystem via a layer-2 bridge. The Fantom Foundation has successfully raised $10 million to bolster Sonic's ecosystem growth. It expects Fantom users to completely migrate from the Fantom chain to the Sonic chain (due to higher security and speed).
Monday, May 27, 2024 A new model from the creators of SSMs, Mamba, and sub quadratic Transformer variants. Importantly, their new company Cartesia has trained a lightning-fast, realistic voice generation model. This points to their desire to move into the assistants' space.
Technological and social developments are prereqs for advancements in DeFi, which mirror the gradual evolution of internet technologies from dial-up to high-speed broadband. The upcoming launch of Sonic aims to overcome several technological barriers in blockchain, such as latency and user onboarding, potentially enabling not only financial dapps, but also broader apps, similar to how credit scores revolutionized traditional finance.