TechFlow reports that on June 24, Sonic Labs announced officially that Fantom Opera will not shut down at the end of this month and will remain operational at least until the end of this year; the cross-chain bridge will also receive regular funding during this period. Meanwhile, Sonic has appointed Matt Visser as Chief Executive Officer and Kosta Kourkoumelis as Chief Operating Officer, and stated that it will enhance transparency of team responsibilities and improve community communication and support mechanisms.
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