Fantom announced on X that it has changed its name to Sonic Labs. SonicLabs plans to gain support by introducing a massive incentive program, and Sonic will use S tokens. This new token will enter the ecosystem through massive airdrops, simplified staking, incentive programs, and more. Although the transition from Fantom to SonicLabs is complete, the launch of Sonic will not wait until the 4th quarter. According to the description provided on the SonicLabs launch page, Sonic is a Layer-1 platform with a Security Gateway to Ethereum.