PANews reported on February 21 that Sonic Labs announced the launch of Spawn, an AI-driven Web3 application building platform that supports the generation, compilation, and deployment of smart contracts through natural language, while automatically generating front-end interfaces and wallet integration functions.
According to reports, Spawn can directly convert user-inputted English descriptions into production-grade smart contracts, complete on-chain deployment, and generate a full front-end interface, achieving full-stack abstraction from contract logic to UI and on-chain interaction. Users can conduct conversational iterative development through the built-in AI assistant Spawny, modifying contract logic, front-end components, and deployment configurations.
Sonic Labs announced that Spawn can now be deployed to the Sonic testnet, a high-performance EVM-compatible blockchain that emphasizes high throughput, low fees, and fast finality. The platform is suitable for various Web3 application scenarios, including on-chain games, NFT projects, DeFi protocols, DAOs, and payment systems. The company claims that Spawn compresses the smart contract and full-stack development process, which previously took weeks, into minutes, lowering the barrier to entry for Web3 development.


Powell said the Federal Open Market Committee is weighing interest rates on a meeting-by-meeting basis, with no long-term consensus. US Federal Reserve Chair Jerome Powell said the 19 members of the Federal Open Market Committee (FOMC) remain divided on additional interest rate cuts in 2025.At Wednesday’s press conference after the Fed’s 25-basis-point rate cut, Powell said the central bank is trying to balance its dual mandate of maximum employment and price stability in an unusual environment where the labor market is weakening even as inflation remains elevated. Powell said:Powell said that the “median” FOMC projection from the Federal Reserve’s Summary of Economic Projections (SEP), the Fed’s quarterly outlook for the US economy that informs interest rate decisions, projected interest rates at 3.6% at the end of 2025, 3.4% by the end of 2026, and 3.1% at the end of 2027.Read more
