- Fantom Foundation and Sonic Labs partner with Alchemy to enhance the performance of the Opera crypto network, providing improved scalability and security.
- Alchemy’s RPC support will offer Opera developers and users access to public and private endpoints, ensuring faster transaction processing and a more stable platform.
- The partnership also extends to Sonic’s upcoming L2 network, with Alchemy providing RPC integration and a $5k credit fund for Sonic Labs innovators.
The Fantom Foundation and Sonic Labs have teamed up with RPC solution provider Alchemy to give the Opera crypto network a boost.
Opera developers and users will be able to tap into Alchemy’s endpoints to make transactions more scalable and secure. The deal is also set to benefit Sonic, with RPC perks rolling out as soon as the mainnet goes live.
The Crypto Partnership Between Fantom, Sonic, and Alchemy: RPC Support for Opera
In particular, the web development platform Alchemy will provide RPC (Remote Call Procedure) support to Fantom’s L1 blockchain, which will make things run faster. This means that Opera’s insiders, as well as its crypto community, can use the public and private RPC endpoints offered by Alchemy for free.
The result is faster transaction execution and a more stable and secure platform for developing decentralised applications.
Endpoints are basically specific URL addresses or locations from which a specific function can be performed on a blockchain. In practice, they act as a communication bridge between the cryptographic network and dapps, and they offer a simple and intuitive interface for commands.
Alchemy’s there to make sure transactions and queries are processed quickly and reliably. Plus, his good name also boosts Opera’s reputation, as it’s one of the most respected infrastructure contributors in the industry.
On the other hand, the RPC provider is growing its user base and supporting a new crypto ecosystem that’s constantly expanding. This allows Alchemy to become even more well-known and become the largest infrastructure provider in the entire web3 industry.
Sonic Network Coming Soon, Backed by the Fantom Foundation
The partnership between Fantom and Alchemy will significantly boost the development of the Opera crypto network and support the upcoming Ethereum Sonic layer-2.
The announcement also mentions that Web3, the infrastructure provider, will offer its RPC integration on the new network being launched by Sonic Labs.
This new infrastructure, set to arrive later this year, will be similar to Opera in some ways but managed by a different team with a different governance structure. The launch of this network is driven by the desire to integrate into the Ethereum ecosystem with an infrastructure capable of operating independently.
Sonic is expected to be significantly faster and more secure than Opera, providing a more favorable environment for app development.
The partnership with Alchemy is not just about RPC support. It also includes the allocation of a Sonic Labs Innovator Fund. Alchemy is offering up to $5k in credits to Enterprise customers on Sonic, along with additional credit programs as part of the wider incentive scheme.
These initiatives help increase community involvement and make a successful launch more likely. Moreover, such partnerships are crucial for the long-term development of the next crypto network.
Regarding incentives and development, it’s worth noting that the Fantom Foundation has established a $120 million fund to support Sonic’s growth.
The fund, sourced from Fantom’s treasury, will use the crypto FTM as its basis and support the transition to the new L2 Sonic network.
Earlier this year, Sonic Labs also closed a $10 million funding round, led by Hashed.
