Sonic Labs CTO: A project with 1 billion TVL is using its open-source code and trying to hide it
Andre Cronje, the Chief Technology Officer of Sonic Labs (formerly Fantom), posted on X stating that he just saw a project with a Total Value Locked (TVL) and Fully Diluted Valuation (FDV) of 1 billion dollars each. This project used his open-source code written under GPL3 and attached it with a BUSL license. He also stated that he could accept not being recognized, they could remove his name from the code, and not mention him or the original project anywhere on their website or documents, even going to great lengths to reshape certain concepts to avoid any association. However, taking something from open source and making it restrictive while profiting heavily from it shows that changes in this field are much larger than he imagined.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Besant's "toolbox" struggles under the double pressure of oil prices and weak consumption, Goldman Sachs: "There is a scent of stagflation in the market"
Goldman Sachs believes that Baisent is trying to stabilize the long-term US bond market by expanding US Treasury repurchase operations and advancing fiscal consolidation. However, after a brief decline, long-term bond yields rebounded quickly, indicating that policy tools are still insufficient to resolve fiscal and supply-demand pressures. Meanwhile, stagflation signals have intensified: oil prices surged over 7% in a single week, and the 10-year breakeven inflation rate rose nearly 10 basis points in two weeks; yet consumer demand continues to cool, with Walmart same-store sales growth dropping to a six-year low of 2.6%. The "stagflation basket" rose 6.7% this week.
ALK-Abelló reports managerial staff transaction in B shares
CeMat signs conditional deal to sell Moje Bielany 1 retail space in Warsaw
Crypto prices
More
