PANews reported on May 16 that according to the SOON Foundation announcement, the SOON Foundation was officially established to promote the development of the SOON ecosystem based on the Solana Virtual Machine (SVM) and implement the "Super Adoption Stack (SAS)" vision. The Foundation focuses on ecological acceleration, transparent governance, security management and strategic cooperation, and plans to hold global hackathons, launch enterprise-level toolkits and conduct research in conjunction with multiple universities. SOON was founded by former executives of Solana and Optimism, and is supported by well-known investors such as Celestia, AltLayer, and Coinbase Ventures.