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News

New CTO Andre Cronje Will Lead Sonic Labs Going Forward

August 14, 2024 - Around 2 mins mins to read

Key Points:

  • Andre Cronje joined Sonic Labs, previously Fantom, as its new Chief Technology Officer.
  • He will oversee the development of Sonic Gateway, a new bridge technology for transferring assets between blockchains more efficiently.
  • New CTO Andre Cronje will replace Quan Nguyen, who was instrumental in the firm’s early growth.
Sonic Labs, formerly known as Fantom, announced Andre Cronje as the new chief technology officer (CTO).
New CTO Andre Cronje Will Lead Sonic Labs Going Forward

Read more: Fantom Stablecoin USDC.e Will Be Launched On April 5 

New CTO Andre Cronje Joins Sonic Labs

CTO Andre Cronje is widely recognized as one of the leading software engineers in the blockchain world. More significantly, he pioneered DeFi. To this day, a lot of projects use the tech he created as the backbone for their applications.

In his new role, Andre will continue to lead the design and development of the new Sonic network, particularly a new native bridge technology called “Sonic Gateway,” which is going to make it far safer and easier to move assets from other chains, like from Ethereum to Sonic.

Andre Cronje is a prolific coder, most famously building Yearn Finance and Keep3rV1. He has also participated in other notable DeFi projects, such as Hegic, Pickle, Cover, PowerPool, Cream V2, Akropolish, Sushiswap, and others. Cronje is a software architect with 20 years of development experience.

Fantom Network Continues to Grow

New CTO Andre Cronje will replace outgoing Quan Nguyen, who played a critical role in developing Sonic’s original aBFT technology and happened to be among the very first employees that Fantom—then called Sonic—hired in late 2018. Quan made an enormous contribution to the organization and growth of the network.

Fantom is a decentralized directed acyclic graph natively integrated with smart contracts, making it easier to build decentralized applications and participate in protocol governance through the use of the FTM token.

In March, the Fantom Foundation announced the Sonic upgrade—another huge step toward solving scaling issues facing the Fantom blockchain.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

andre cronje

CTO

DeFi

Fantom

Fantom Foundation

FTM

Sonic

Sonic Labs

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.