Fantom Foundation commits up to 200 millions FTM Tokens for the new Sonic version of the network.
The Fantom Foundation has published a blog article. says The Sonic Network’s Treasury is working to accelerate the adoption of decentralized applications (dApps).
Sonic designed To be a layer-1 high-throughput chain, with a layer-2 native chain that is linked to Ethereum.ETH).
Fantom Foundation said that it is proud of the donation and its dedication towards creating “a robust and dynamic platform and community.”
Sonic is a company that aims to redefine the future state blockchain. It empowers visionary creators to build the decentralized applications for tomorrow. And it allows our community members to actively participate in the creation of a global, cooperative, collaborative ecosystem.
Our strategic investments will enable us to deliver unparalleled support both to users and developers. These grants will be used to support both existing Fantom applications and those native to Sonic. The grant is just one of several initiatives that we plan to roll out in preparation for the launch of Sonic. This new network, which can handle up to 200 millions transactions per day, will redefine the boundaries of the industry.
Join us as we create the Sonic ecosystem.
According to the Foundation, the Foundation’s first allocation is the allocation of funds. “prioritize strategic grants for applications from within the current Fantom ecosystem and identify the leading applications that have shown interest in the Sonic technology.”
FTM currently trades at $0.58.
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