Sonic Labs extends Fantom Opera until the end of the year and announces new leadership structure

Comparatively, Sonic Labs announced a number of governance and operational adjustments on the X platform. The Fantom Opera network, which was originally scheduled to shut down at the end of this month, will continue to operate until at least the end of 2026, and the corresponding cross-chain bridge will continue to receive financial support during this period. Sonic Labs said the decision was an adjustment based on community feedback.

At the same time, the team announced the removal of the generic “Contributor (Contributor)” label and the disclosure of the new leadership structure. Among them, Matt Visser is CEO (CEO), who has a background in product management and financial restructuring, co-founded Squire.Law and led the Web3 product strategy; Kosta Kourkoumelis is the Chief Operating Officer (COO), has more than 20 years of experience in the financial services and digital asset industry, and has participated in ecosystem construction since the Fantom ICO stage.

Earlier, Andre Cronje had announced his withdrawal from the Sonic Labs board of directors and stated that he would focus on technology research and development in the future.