zkSync Hyperchain Sophon Successfully Raises $60 Million Via Node Sale

zkSync Hyperchain Sophon Successfully Raises $60 Million Via Node Sale

Sophon, the entertainment-focused zkSync Hyperchain, has successfully raised almost $60 million in less than a week from the start of their node sale. The Hyperchain modular blockchain architecture, developed by Matter Labs

Sophon, the entertainment-focused zkSync Hyperchain, has successfully raised almost $60 million in less than a week from the start of their node sale. The Hyperchain modular blockchain architecture, developed by Matter Labs, the group that created zkSync—the first zk-rollup in the Ethereum Layer 2 space—is used by the blockchain.

With 200,000 nodes available for purchase across many levels, the Sophon node sale swiftly surpassed $60 million in wETH. The fundraising round, which was previously disclosed to have raised $10 million and included participation from Spartan, SevenX, and OKX Ventures, was headed by Paper Ventures and Maven 11. It is anticipated that Sophon will be launched in Q3 2024 along with the zkSync ZK Stack toolkit as an L2 rollup validium.

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