Fantom has changed its name to Sonic Labs and will launch the EVM chain Sonic in Q4

Fantom announced on X that it has been renamed as Sonic Labs. Sonic Labs plans to gain support through the introduction of 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, and incentive programs. Although the transition from Fantom to Sonic Labs has been completed, the launch of Sonic will wait until the fourth quarter. According to the description provided on Sonic Labs' launch page, Sonic is a Layer-1 platform with a secure gateway to Ethereum.