Sophon Mainnet Goes Live With $500 Million Total Value Locked and Strategic Industry Collaborations
December 18, 2024 – Dubai, India
Sophon has launched its mainnet, introducing the first-ever Validium on ZKsync powered by Avail DA .
With over $500 million in TVL (total value locked) through the Sophon farming program , and a growing ecosystem of established partners, Sophon is paving the way for scalable, consumer-focused blockchain applications.
The launch comes with significant community support over 120,000 node licenses purchased by more than 5,800 unique participants are now open for claiming.
The SOPH token deploys today in a non-transferable state, with all transactions free for users during this initial phase.
Node holders will begin getting rewards from January 1, 2025, with full token transferability and trading expected in Q1 2025.
Launch partners driving adoption
Sophon’s consumer-first approach focuses on delivering user experiences that encourage mainstream crypto engagement.
Debuting with industry leaders selected for their ability to bring blockchain benefits to everyday users.
- Mirai Labs Leading mobile gaming studio with over 27 million onboarded wallets to date
- OPEN Ticketing Already powering over 7 million tickets across 24,000 events globally
- Aethir Delivering next-generation distributed computing solutions
- Rivalry The publicly listed betting company bringing community ownership to the billion-dollar betting industry
- Anomaly AI-Powered agent orchestration across Reddit, Telegram and Discord
- NooN, Brutal Knights, Gamp and more
Pioneering consumer-first crypto
Sophon understands that mainstream users prioritize experiences and value over the underlying blockchain technology.
By focusing on entertainment applications that naturally benefit from blockchain’s capabilities, Sophon is creating an ecosystem where the technology enhances rather than complicates the user experience.
This vision is reinforced through strategic collaborations with industry pioneers, like 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 in this accelerator, supporting the advancement of blockchain-based gaming.
Additionally, Sophon has seeded the $40 million Tactical Compute initiative , targeting projects building at the intersection of crypto and AI.
These partnerships ensure Sophon is not just building infrastructure it’s contributing to the growth of the entire ecosystem.
History in the making
Sophon’s mainnet launch is the first-ever Validium on ZKsync to leverage an external data availability layer powered by Avail, bringing unmatched scalability, security and savings.
By using Avail’s modular application development stack to create its own ‘light nodes,’ Sophon ensures high performance, maintaining full decentralization and data availability, working to set a new standard for modular blockchain designs.
Anurag Arjun, co-founder of Avail, said,
“Sophon embraces the full potential of the Avail Network, illustrating how blockchains can maintain provable decentralization even in high-volume use cases like entertainment.”
ZKsync is a protocol to deploy layer-two blockchains designed to scale Ethereum while maintaining data privacy through a Validium implementation utilizing Avail DA.
The ZK (zero-knowledge) protocol is leveraged to effectively scale the network while also enhancing interoperability
Alex Gluchowski, co-inventor of ZKsync, said,
“Sophon’s mainnet launch on ZKsync marks a pivotal moment in the evolution of blockchain technology.
“As a ZKsync Validium leveraging Avail, Sophon is poised to transform the industry by offering enhanced scalability, security and cost-efficiency.
“With a strong 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 establishes a new benchmark in blockchain design, making Sophon well-suited for high-throughput applications aiming for mainstream adoption.
Sebastien, co-founder and CEO of Sophon, said,
“The internet didn’t need to explain how it worked to change the world. Crypto shouldn’t either.”
“Sophon is building the destination where digital culture, entertainment and value seamlessly flow together making crypto a natural part of everyday lifestyle applications. Today is day zero of that journey.”
About Sophon
Sophon is the ultimate platform for next-gen entertainment applications, spanning everything from gaming to AI-powered experiences.
It’s primed to be the go-to destination for entrepreneurs and major players in the entertainment industry looking to build their products onchain, offering users novel ways to earn, engage and enjoy themselves.
To learn more about Sophon, users can visit the website .
Media contact Oskari Tempakka
About Avail
The Avail Network is a modular application development stack designed to establish blockchains as the verification system for the internet.
By addressing key challenges in rollup scalability, interoperability and usability, Avail provides a foundational DA (data availability) layer built on the same technology planned for Ethereum’s danksharding roadmap, including KZG Commitments and DAS (data availability sampling).
Avail is led by Polygon’s former co-founder Anurag Arjun and research lead Prabal Banerjee.
Start your Avail journey today. To learn more about Avail, users can visit the website .
Media contact
About ZKsync
ZKsync is the pioneering ZK (zero-knowledge) technology powering the next generation of builders with limitless scale.
Secured by math and designed for native interoperability, ZKsync enables the elastic network, an ever-expanding ecosystem of customizable chains.
Deeply rooted in its mission to advance personal freedom for all, the ZKsync technology makes digital self-ownership universally available.
To learn more about ZKsync, users can visit the website .
Contact
Annu Shekhawat , Avail
