Snapshot (formerly Fantom) is about to launch on Sonic Labs, promoting decentralized governance

Fantom is a Directed Acyclic Graph (DAG) smart contract platform that provides decentralized finance (DeFi) services to developers using its own custom consensus algorithm. On August 2nd, Fantom announced that it has officially changed its name to Sonic Labs and plans to launch a new EVM chain called Sonic by the end of this year.

 

On September 17th, Sonic Labs officially announced the introduction of the @SnapshotLabs platform to further strengthen the governance function of decentralized platforms. Snapshot is a decentralized voting platform that allows DAOs, DeFi protocols, and NFT communities to easily vote on proposals without gas fees. This integration will greatly improve the governance efficiency of the Sonic community and provide convenience for more decentralized applications.