Global #Fantom Foundation

The Fantom Foundation, the organization behind the Fantom blockchain, has announced a significant allocation of up to 200 million FTM tokens, currently valued at approximately $120 million, to incentivize the migration of projects and developers to its new Sonic network. This strategic move aims to accelerate the adoption of Sonic, a faster and more efficient iteration of the Fantom blockchain.

Fantom Foundation, the organization responsible for the development of the layer-1 (L1) blockchain Fantom, introduced the debut of Sonic Foundation and Sonic Labs on Wednesday.