PANews
PANews|Jun 24, 2026 00:45
[Sonic Labs Extends Fantom Opera Operations Until Year-End and Reveals New Leadership Structure] Sonic Labs announced a series of 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 remain operational at least until the end of the year. The corresponding cross-chain bridge will receive periodic funding support during this period, a decision made in response to community feedback. The team has also eliminated the generic 'Contributor' label and disclosed leadership details: Matt Visser has been appointed as Chief Executive Officer. He has a background in product management and financial restructuring and was a co-founder of Squire.Law, where he led Web3 product strategies. Kosta Kourkoumelis has been appointed as Chief Operating Officer. With over 20 years of experience in financial services and digital assets, he has been involved in the Fantom ecosystem since its ICO.
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