FANTOM FOUNDATION CREATES SONIC FOUNDATION LABS

Summary from the TLDR Crypto newsletter

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).