Svmuu News: Sonic Labs announced several governance and operational adjustments on X. The Fantom Opera network, originally scheduled to shut down at the end of this month, will continue to operate at least through the end of 2026, and the corresponding cross-chain bridge will continue to receive funding support during this period. Sonic Labs stated that this decision was made in response to community feedback.
At the same time, the team announced the removal of the broad “Contributors” label and unveiled a new leadership structure. Matt Visser has been appointed Chief Executive Officer (CEO); he has a background in product management and financial restructuring, having co-founded Squire.Law and led Web3 product strategy; Kosta Kourkoumelis has been appointed Chief Operating Officer (COO). He brings over 20 years of experience in the financial services and digital asset industries and has been involved in ecosystem development since the Fantom ICO phase.
Previously, Andre Cronje announced his resignation from the Sonic Labs board of directors, stating that he will focus on technical research and development in the future.