Sonic Labs Extends Fantom Opera Operations Through Year-End, Announces New Leadership Structure

Odaily reported that Sonic Labs announced multiple governance and operational adjustments on the X platform. The Fantom Opera network, originally scheduled to shut down at the end of this month, will now continue to operate at least until the end of 2026. Correspondingly, the cross-chain bridge will also continue to receive funding support during this period. Sonic Labs stated that this decision was made based on community feedback.

Meanwhile, the team announced the cancellation of the generic "Contributors" label and revealed a new leadership structure. Matt Visser will serve as Chief Executive Officer (CEO), bringing a background in product management and financial restructuring, having co-founded Squire.Law and led Web3 product strategy. Kosta Kourkoumelis will assume the role of Chief Operating Officer (COO), bringing over 20 years of experience in the financial services and digital asset industry, and has been involved in ecosystem development since the Fantom ICO stage.

Previously, Andre Cronje had announced his departure from the Sonic Labs board, stating that he would focus on technology research and development going forward.