Sophon

Sophon is a tech studio building onchain consumer experiences at the intersection of crypto and AI, having evolved from its original incarnation as an entertainment-focused blockchain. The company has pivoted from operating its own chain to building consumer applications on Base, driven by the thesis that every consumer category eventually becomes entertainment and that money is the last holdout. Sophon's flagship product is Pyre, a payment card that gamifies every transaction, allowing users to flip or settle each bill. The product ecosystem also includes Soph Play, a plug-and-play API for gamification of financial transactions; Soph Earn, one-click yield for every risk appetite; $SOPHUSD, a stablecoin powering all Soph products; and Soph Vaults for yield generation. Sophon has implemented a buyback-and-burn token model for $SOPH, funded by real product revenues from interchange fees, vault performance fees, and PYRUSD reserve yield, replacing the traditional gas token model. The company raised $60M in 2024 and has burned over 46.5 million SOPH tokens. Founded in 2024 and headquartered in Mountain View, California, Sophon has $10.0M in Series A funding from investors including Binance, Paper Ventures, Maven 11, OKX, Spartan Group, HTX, and SevenX Ventures.