Boosting network security and expansion, Sonic SVM has announced the sale of its first HyperFuse Node on Solana for $12.8M.
Sonic SVM, a prominent presence in the blockchain sector, recently disclosed the public sale of its HyperFuse Nodes, marking a significant milestone as the inaugural node sale in the Solana ecosystem.
Part of the company’s overarching objective to improve the security, efficiency, and expansion of the Solana ecosystem are these nodes, which are valued at $12.8 million. Using these nodes, Sonic SVM intends to enhance the efficacy and draw of its multi-SVM network.
The Sonic SVM HyperGrid framework is a system that enables users to construct and attach new networks, or “grids,” to the Solana blockchain. The HyperFuse Nodes are a critical component of this framework.
The presence of these nodes will improve the platform’s capacity to verify state transitions and guarantee the seamless operation of the ecosystem.
Furthermore, these nodes provide holders with accountability metrics and token rewards, which render them an appealing opportunity for investors, in addition to their functional advantages.
Sonic SVM is currently selling 50,000 HyperFuse Nodes, with over 30% of them available at a price that is lower than the fully diluted valuation established during Sonic’s $12 million Series A funding round.
This renders the sale particularly appealing to individual investors who are seeking an affordable entry point. Potential rewards for participants extend beyond mere ownership of terminals.
The extant network of Sonic SVM, which includes 2 million wallets and more than 1.5 billion on-chain transactions, will also be advantageous to node administrators.
A further inducement for node operators is the rapidly expanding Solana gaming industry. Operators are afforded the opportunity to receive dividends from the gaming sector, as the Sonic platform hosts over 10 games and boasts over 40 game studios.
Additionally, Sonic’s partnerships with significant investors, such as OKX Ventures, Galaxy Interactive, and Bitkraft, lend additional credibility to the transaction. Sonic SVM has secured $16 million in funding thus far.
The transaction will be conducted in a series of stages. On September 16, a 24-hour raffle sale will commence, followed by a whitelist sale on September 18 for Sonic community members and associates.
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