Fantom Foundation announces Frax founder as its angel investor
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Odaily Odaily Fantom Foundation announced on the X platform that Sam Kazemian, founder of Frax Finance, became its first angel investor. Frax will deploy its native distribution assets on day one of the Sonic technology stack. According to previous news, Fantom Foundation CEO Michael Kong said that the project is preparing to launch the next generation product Sonic. Sonic promises 2,000 transactions per second (TPS) with sub-second finality and is expected to launch late this summer or early fall. The team also plans to use Sonic as a "shared sequencer" for other L1 and L2 chains.
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