Magic Is In The Air With Fantom/Sonic x Alchemy Partnership Last Saturday, July 27th, the Fantom Foundation and Sonic Labs started an X broadcast with Alchemy, a blockchain infrastructure company, discussing the pros of the partnership between the organizations.🎙️ WE’RE LIVE w/ @AlchemyPlatform to discuss our partnership and its benefits for users/developers on Opera and #Sonic! 🎤 Hosts:@_LFausto + @0xZaunzi 🤝 Guests:@BeingDanNolan (Alchemy) + @SjHarcourt (Fantom/Sonic Labs) — Fantom Foundation (Sonic Labs Coming Soon) (@FantomFDN) July 26, 2024 The partnership was first announced on Fantom’s blog in the early half of July, citing that Alchemy’s expertise in the blockchain infrastructure realm makes them the ideal partner for Sonic’s launch.
Sonic’s Big Potential With Alchemy’s pros on the board, Fantom Foundation’s Sonic will have great performance, which according to Sam Harcourt of Sonic Labs, might lead to Sonic performing sub-second transaction finality, with "100s of millions of daily transactions.” Sonic will also give another revenue stream for developers as it will allow them to collect 90% of the gas fees on the platform to boost revenue.
According to the broadcast, Alchemy will power the Sonic Incentive Program, giving developers access to $5,000 to help with development on the upcoming Sonic platform.
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