Fantom Foundation CEO: Plans to use Sonic to build shared sequencers for other chains

Fantom Foundation CEO Michael Kong said the project is preparing to launch its next-generation product, Sonic. Sonic promises 2,000 transactions per second (TPS) with sub-second finality and is expected to launch late this summer or early fall. The team also plans to leverage Sonic as a "shared sequencer" for other L1 and L2 chains. (The Block) Previously, Fantom Foundation CEO Michael Kong announced plans to propose a governance proposal, including: Developing a secure, minimal-trust bridge to enable native access to Ethereum. Simplified staking and liquid staking: Unlock staking lock time limits, igniting over $1 billion in liquid staking opportunities. Grant Program: Expanding the Sonic Labs grant program to support those working in areas such as gaming, DeFi, social media, streaming and now distributed artificial intelligence. Bonus Campaign: Provides a wide range of bonus campaigns for existing Opera network and new chain users. Superset introduction: Superset is planned to be enabled by the end of 2024 to further improve performance. Parallel FVM: Explore adding parallelization in Fantom virtual machines to improve performance. More details are planned to be shared in the coming weeks, including new partners, VC/angel investments, target industries and use cases, and audience engagement plans.