Sonic Labs launches new bounty program called "Sonic Boom"

On August 21st, according to the SonicLabs (formerly Fantom) team blog, Sonic Labs launched a new bounty program called "Sonic Boom," aimed at promoting the development of key applications in areas such as exchanges, lending, tools, payments, stablecoins, yield, games, and NFTs to drive the development of the Sonic network. The program will last for nearly 13 weeks until November 4th and will reward up to 30 winning projects with SonicGems, which are points that users can use to participate in future airdrops. Sonic is a new technology stack in the Fantom blockchain ecosystem, which is expected to process over 2,000 transactions per second with an average final confirmation time of one second.