Odaily News Fantom Foundation announced the launch of the Sonic Labs Entrepreneurship Accelerator Program, which aims to promote innovation within Fantom’s new Sonic technology stack and provide resources and support for the next generation of Web3 entrepreneurs. The program will select up to five projects and provide financial support of 1 million FTM (approximately $294,000) per project, as well as technical support, co-marketing and mentorship. The Fantom Foundation encourages applications from eligible projects, and developers can begin building projects on Sonic on December 15th. These projects will launch alongside the Fantom Sonic mainnet in spring 2024. The Sonic Labs program is open to all developers building new applications on Fantom technology, including GameFi, DeFi, and more. Competition judging criteria include vision, utilization of Sonic technology, target user base, uniqueness, positive impact on the Fantom network and users, and brand. The application deadline is February 6, 2024. (Prnewswire)