On December 4th, the Fantom Foundation announced the launch of the Sonic Labs 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 will select up to five projects, providing each project with funding support of 1 million FTM (approximately $294,000 USD), as well as technical support, joint marketing, and mentorship.
The Fantom Foundation encourages eligible projects to apply, and developers can begin building projects on Sonic starting on December 15th. These projects will be launched in the spring of 2024 with the Fantom Sonic mainnet.
The Sonic Labs program is open to all developers building new applications on Fantom technology, including GameFi, DeFi, and more. Judging criteria for the competition include vision, utilization of Sonic technology, target user group, uniqueness, positive impact on the Fantom network and users, and brand. The application deadline is February 6th, 2024.