Fantom Foundation Announces Sonic Labs Incubator Winners

According to BlockBeats, on January 19th, the Fantom Foundation announced the five winning projects of the Sonic Labs incubator. The winners include Lynx, a perpetual DEX project that supports any token as collateral; Thunder Dome, a social protocol; Dēbita, a P2P lending platform; KiriCoin, a green technology startup; and Froqorion, an RPG blockchain game. As previously reported by BlockBeats, on December 4th last year, the Fantom Foundation launched the Sonic Labs startup accelerator program, aimed at promoting innovation within Fantom's new Sonic technology stack and providing resources and support for the next generation of web3 entrepreneurs. The program selected up to five projects, providing each with funding support of 1 million FTM (approximately $294,000), as well as technical support, joint marketing, and mentor guidance.