Sonic Labs Extends Fantom Opera Operations to Year-End, Unveils New Leadership Structure

CoinFeed, June 24 – Sonic Labs announced a series of governance and operational adjustments on X. The Fantom Opera network, originally scheduled to shut down at the end of this month, will now run at least until the end of the year, with the corresponding cross-chain bridge receiving regular funding during this period. This decision was made in response to community feedback. The team also eliminated the generic “contributor” label and disclosed leadership information: Matt Visser has been appointed CEO, bringing a background in product management and financial restructuring, having co-founded Squire.Law and led Web3 product strategy; Kosta Kourkoumelis has been appointed COO, with over 20 years of experience in financial services and digital assets, and has been involved in the ecosystem since the Fantom IC0.