Main Takeaways:
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Binance Labs has invested in Sophon, an ecosystem for entertainment applications in gaming, social, AI, prediction markets and beyond.
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This investment underscores Binance Labs' dedication to empowering early-stage projects that are making Web3 more accessible and driving ecosystem growth.
Binance Labs has invested in Sophon, an ecosystem for entertainment applications in gaming, social, AI, prediction markets and beyond. With the grand vision of changing how users live, play, create, and connect in the internet economy, Sophon is laser-focused on creating seamless customer experiences.
Sophon is able to achieve all this through the unique applications of the ZK Stack, such as native account abstraction, which is designed to provide a gasless experience. The zkSync codebase is the most battle-tested zkEVM and has consistently achieved best-in-class throughput and cost metrics across the entire Ethereum L2 stack in various public benchmarking exercises. This is critical for enabling a highly scalable and stable environment for the next generation of consumer applications.
From its incubation by Merit Circle to strategic partnerships with Beam, Zentry, and Aethir, and several other soon-to-be-announced partners, Sophon is establishing itself as the go-to platform for developers and users alike. With its mainnet soon to launch, Sophon is well-equipped to cultivate a thriving ecosystem that transcends mere financial incentives.
The newly secured funds will be utilized to accelerate ecosystem growth, attract top talent, and support the development of innovative projects that seamlessly connect entertainment, creativity, community, and technology.
“Binance Labs is dedicated to empowering early-stage projects that push the boundaries of Web3 and fuel the growth of the ecosystem. Sophon’s strong industry partnerships and early success signal their immense potential to revolutionize the entertainment, gaming, and AI spaces,” said Andy Chang, Investment Director, Binance Labs.
“We are thrilled to have Binance Labs join us on our mission to empower the next generation of entertainment on the internet,” said Seb, CEO of Sophon. “Our goal is to make technology effortless and accessible for users while equipping developers with the tools to push boundaries and accelerate their applications like never before.”
