• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Sonic SVM Announces $12.8 Million Node Sale to Boost Solana Scalability

user avatar

by Giorgi Kostiuk

a year ago


  1. The Launch of HyperGrid and Its Impact on Blockchain
  2. Node Rewards: An Incentive to Join
  3. The Future of HyperGrid and Its Importance for Solana

  4. Sonic SVM, a revolutionary project dedicated to increasing the speed and throughput of the Solana blockchain to gaming-grade levels, is poised to launch a validator node sale worth $12.8 million. This significant event will take place the week of September 16, 2024, marking a major milestone in the development of the decentralized HyperGrid system.

    The Launch of HyperGrid and Its Impact on Blockchain

    Sonic SVM aims to push the boundaries of blockchain technology by empowering the network with unprecedented scalability and efficiency. The sale of 50,000 Hyperfuse nodes will take place across 20 distinct pricing tiers, with proceeds directed towards the project’s treasury, the development team, and community grants. HyperGrid aims to redefine how decentralized networks operate, particularly in gaming and beyond. This event is particularly significant for blockchain enthusiasts and investors.

    Node Rewards: An Incentive to Join

    The Sonic SVM node sale follows its $12 million Series A fundraising led by Bitkraft, and is seen as a key driver for ensuring the network’s long-term growth and success. Node operators will play a critical role in ensuring the security of the HyperGrid network. In return for their participation, they will be rewarded with tokens, creating a lucrative opportunity for those contributing to the system’s sustainability. This initiative not only helps in securing the network but also offers an incentivized model to ensure engagement from the community and external participants.

    The Future of HyperGrid and Its Importance for Solana

    Solana has long been touted as one of the most scalable blockchain platforms, capable of processing up to 65,000 transactions per second. However, the launch of Sonic SVM’s HyperGrid framework could push Solana’s capabilities even further, particularly in gaming. Blockchain gaming is one of the most rapidly growing sectors within the cryptocurrency space, and the ability to handle large transaction volumes is key to its long-term viability. Looking ahead, HyperGrid plans to expand its reach beyond gaming to other high-demand applications such as decentralized finance (DeFi), supply chain management, and enterprise solutions. The flexible architecture of HyperGrid ensures that it can be adapted to meet the needs of various industries, driving future growth and adoption.

    Sonic SVM’s $12.8 million node sale for the Solana-based HyperGrid network marks a critical development for both the project and the broader blockchain space. By selling 50,000 Hyperfuse nodes across 20 pricing tiers, Sonic SVM aims to raise funds to fuel its growth while ensuring the long-term security and scalability of the HyperGrid system. With token rewards incentivizing node operators, this initiative is poised to attract significant interest from both investors and participants. As Sonic SVM continues to innovate and expand, its HyperGrid network could become a cornerstone of the blockchain gaming industry and other applications.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Pi Network Community Optimistic About Future Developments

chest

Despite the recent price drop, the Pi Network community is optimistic about the future and potential developments.

user avatarSatoshi Nakamura

Pi Network's Token Hits Another All-Time Low Amid Market Correction

chest

Pi Network's native token has reached a new all-time low following a significant market correction.

user avatarNguyen Van Long

Miroslav Lajk Resigns as Slovakia's National Security Adviser Amid Epstein Revelations

chest

Miroslav Lajk has resigned as Slovakia's National Security Adviser after text exchanges with Jeffrey Epstein were revealed, discussing young women.

user avatarJesper Sørensen

Dropee Introduces Daily Question Feature to Engage Players

chest

Dropee introduces a daily interactive quiz feature on Telegram to engage players.

user avatarRajesh Kumar

Nvidia's CEO Clarifies Investment Plans in OpenAI

chest

Nvidia's CEO Jensen Huang clarifies that the company has not made a firm commitment to invest $100 billion in OpenAI, stating it was merely a potential upper limit for consideration.

user avatarLucas Weissmann

India's Bold Move: Zero Taxes for AI Cloud Services Until 2047

chest

India has announced a groundbreaking tax incentive for foreign cloud providers, offering zero taxes until 2047 for services run from Indian data centers and sold internationally.

user avatarMohamed Farouk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.