Fantom Foundation, the organization behind the Fantom decentralized network, is setting up a new foundation to launch its upcoming Sonic chain. The Sonic Foundation will oversee governance, manage the network treasury, form partnerships, and develop the DApp ecosystem. Sonic will feature a new layer-1 solution and a built-in layer 2 that connects the EVM-compatible network directly to the Ethereum network. This will allow users to access Ethereum’s ecosystem of decentralized applications, liquidity providers, and community. The Fantom network, launched in 2019, uses a unique consensus model called Lachesis.