Paper Ventures and Maven11 spearheaded mysterious blockchain Sophon’s successful $10 million fundraising campaign. Notable companies like Spartan, SevenX, OKX Ventures, and Huobi Ventures contributed to the investment round.
The specifics of what Sophon involves are still mostly unclear, having only been mentioned in a small number of tweets so far. The project is a “modular blockchain powered by [BLANK] and [BLANK] on [BLANK], leading us all to a brighter future,” according to its mysterious X profile.
Danish Chaudhry, General Partner of Paper Ventures stated:
“Our investment in Sophon aligns with our vision to support projects which are not just technologically advanced but also have the potential to make a profound impact on their communities.”
“Sophon’s unique and innovative approach to blockchain building presents a new frontier in the industry. We are thrilled to be part of this journey and entirely confident in Sophon’s ability to make a huge impact on not just web3 but beyond.”
Significant figures across several sectors have been in communication with Sophon about more tactical alliances; specifics will be disclosed by the group thereafter, and there are a number of initiatives purportedly extending Sophon’s range into the gaming and artificial intelligence (AI) domains.
Sophon’s strong network, strategic partnerships, and unwavering dedication to innovation have already had a significant influence on the venture capitalists and angel investors who have chosen to back its obscure goals. The project’s pioneers are eager to provide further information shortly.
