SOON raised $22 million through an NFT sale to celebrate its mainnet launch, aiming for community-driven growth with fair tokenomics and Solana Virtual Machine integration.

SOON (Solana Optimistic Network) has raised $22 million through a non-fungible token (NFT) sale to mark the launch of its mainnet and to invest in blockchain infrastructure.

The announcement, made during the launch of SOON’s general-purpose layer-2 (L2) solution, highlights the platform’s use of the Solana Virtual Machine (SVM) as its execution layer.

Built on Ethereum, the SOON mainnet claims to outperform Solana in speed and efficiency, delivering average block times of 50 milliseconds compared to Solana’s 400 milliseconds.