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Search "Sonic Labs（原 Fantom）" has a total of4related results
Techub News, Sonic Labs has released its 2026 outlook report. The report shows that Sonic Labs CEO Mitchell Demeter and Business Development Director Evan Owens have left their positions. The leadership team is actively seeking a suitable successor for the CEO role. During this period, the board of directors will oversee operations and continue to provide ongoing support for the company.
Techub News reports that Sonic Labs has announced the launch of Spawn, an AI-driven Web3 application building platform. It supports generating, compiling, and deploying smart contracts through natural language, while automatically generating front-end interfaces and wallet integration features. Spawn can directly convert user-input English descriptions into production-level smart contracts, complete on-chain deployment, and generate a complete front-end interface, achieving full-stack abstraction from contract logic to UI and on-chain interactions. Users can engage in conversational iterative development through the built-in AI assistant, modify contract logic, front-end components, and deployment configurations, and deploy applications to the Sonic testnet.
Techub News reports that Sonic Labs has issued an announcement stating that in 2018, a Korean team initiated an ICO for Fantom but failed to deliver a fully functional product due to poor management, resulting in the depletion of substantial funds. Andre Cronje joined and restarted Fantom starting in June 2018. At the time of his involvement, the treasury held less than $5 million in non-FTM assets. Through early deployment in the DeFi sector, strict financial management, and strategic planning, these assets grew to nine figures between 2020 and 2021. Today, Sonic Labs' salaries, infrastructure, and operational expenses are all covered by the development fund. Andre Cronje has served in advisory and technical roles for approximately eight years and was not the original designer of the project's token economic model. The model was created by the initial Korean team in 2018 and later modified through on-chain governance. Andre does not unilaterally custody or control the Sonic development fund, nor has he ever abandoned Fantom/Sonic. There has been no misappropriation of funds, and the related allegations are entirely fabricated.
Techub News: Sonic Labs has appointed Mitchell Demeter as the new CEO, who will be responsible for expanding global developer and ecosystem adoption, strengthening institutional relationships, and building bridges with U.S. and global capital markets. Former CEO Michael Kong will continue to serve as a board member and assume the role of CIO, actively participating in the company's leadership. Sonic Labs stated that Mitchell Demeter previously launched the world's first Bitcoin ATM in Vancouver and co-founded Cointrader Exchange, one of Canada's earliest digital currency trading platforms.
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