Thomas Daniels

Published On: 06/09/2024
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Sonic SVM Announces $12.8M HyperFuse Node Sale on Solana
By Published On: 06/09/2024
Sonic

Sonic SVM has officially launched the sale of HyperFuse Nodes, marking a significant milestone as the first node sale on the Solana blockchain. According to a press release shared with crypto.news, these nodes are integral to Sonic’s multi-SVM network, enhancing security and optimizing state transition verification across the ecosystem.

The company has developed its proprietary framework, HyperGrid, which facilitates the creation of new blockchain networks known as “grids” that connect directly to Solana. These nodes provide token rewards to operators while incorporating accountability metrics for node holders, ensuring the network’s stability and trustworthiness.

HyperFuse Nodes are essential to the HyperGrid structure, offering investors the chance to acquire Sonic Tokens at a valuation below the price offered to major venture capital firms during the company’s $12 million Series A funding round.

Sale Details

The current sale features more than 30% of the total 50,000 nodes at a price point below the Series A fully diluted valuation, providing a more affordable entry for retail investors. Node operators will benefit from Sonic SVM’s expanding user base, which includes over 2 million wallets and has processed more than 1.5 billion on-chain transactions. Furthermore, the nodes will tap into the rapidly growing Solana gaming market.

With partnerships that span 40+ game studios and a catalog of over 10 games hosted on the platform, operators stand to profit from the sector’s growth. Sonic’s impressive roster of backers includes Bitkraft, OKX Ventures, and Galaxy Interactive, with $16 million raised to date.

Sales Event Schedule

The HyperFuse Nodes sale will unfold through a series of events. The first sale, a 24-hour raffle, begins on September 16, followed by a whitelist sale on September 18, exclusively for Sonic community members and partners. The public sale will commence on September 19. The HyperFuse Nodes, priced at the most accessible tier, will be sold via Delysium’s Nodpad platform, with limited quantities available during the event.

In other developments, Zeebit announced in July plans to launch a Web3 microgaming platform using Sonic’s Layer 2 chain on Solana. This platform will feature on-chain verifiable games with non-custodial settlements, migrating player histories from Zeebit’s existing Solana protocol to Sonic.

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