Sonic SVM wants to boost its growth in the Solana Blockchain with its planned sale of Validator Nodes worth $12.8 Million.
This sale is scheduled for the 16th of September and will include 50,000 “Hyperfuse Nodes”, distributed over 20 price tiers.
This is a major step towards the decentralization of Solana, while also generating funding to further develop the platform.
HyperGrid node sale to decentralize Solana blockchain
Sonic SVM’s HyperGrid Node Sale is the cornerstone to its strategy of building a decentralized platform to support applications-specific networks using Solana Blockchain.
Hyperfuse Nodes are a versatile set of “Hyperfuse” nodes that can run on cloud servers or laptops, allowing a wide range of users to contribute towards the decentralization process.
The sale of nodes has become a common strategy for blockchain projects in order to raise funds and improve decentralization.
Aethir is a cloud computing infrastructure decentralized GPU provider that raised $126 Million by selling over 73,000 licenses.
Node sales have been used successfully by projects such as Sophon, CARV XAI Games and Powerloom to raise funding.
Series A fundraising
Sonic SVM raised $12 million recently in a series A led by Bitkraft with the support of Galaxy Interactive and Big Brain Holdings.
The successful crowdfunding raised funds for Sonic SVM to advance its plans and solidify their position within the Blockchain ecosystem.
The purchasers of Hyperfuse Nodes will be contributing to the network’s security, and they can earn token rewards.
The nodes have a double role. They enhance the security of HyperGrid and allow operators to monitor network transactions and validate them.
Chris Zhu is the CEO of Sonic SVM. He emphasized node operators would be involved in the validation processes, following models that are used by other decentralized networks.
HyperGrid’s OP Stack vs. Ethereum
Sonic SVM HyperGrid is a framework that overlays the Solana Blockchain to facilitate efficient settlement of transactions.
Zhu compared HyperGrid with Ethereum’s Optimism OP Stack. This framework is used to create layer-2 networks using Ethereum.
Sonic SVM HyperGrid, which is similar to Ethereum layer-2 solutions aims to enhance Solana capabilities, especially for high-speed apps like gaming.
Source: Coindesk.com
Participants may also be able to purchase Sonic Tokens for a lower valuation than the top venture capital companies during the Series A.
Sonic SVM may not have confirmed it, but there are hints that future airdrops could be offered to node operators. This would add value for those who were early adopters of HyperGrid.
Sonic SVM’s and Solana’s ecosystem are poised for a major game changer with the Hyperfuse Node Sale.
Sonic SVM, by decentralizing its network and obtaining substantial funding, aims at improving Solana’s efficiency and scalability for high-performance gaming applications.
The blockchain community is closely watching the outcome and the implications of the mid-September sale.
The post Sonic SVM uses $12.8M to boost growth in Solana could be updated as new information becomes available.
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