Fantom has been renamed to Sonic Labs, and the EVM chain Sonic will be launched in the fourth quarter

ChainCatcher news, according to Coingape, Fantom has announced its rebranding to Sonic Labs.

Sonic Labs plans to gain support by introducing a large-scale incentive program, and Sonic will use the S token. This new token will enter the ecosystem through large-scale airdrops, simplified staking, incentive programs, and more. Although the transition from Fantom to Sonic Labs has been completed, the launch of Sonic will wait until Q4.

According to the description provided on the Sonic Labs launch page, Sonic is a Layer-1 platform with a secure gateway to Ethereum.