The Fantom Foundation is committing up to 200 million FTM tokens to support the launch of Sonic, the network’s newest iteration.
In a new blog post, the Fantom Foundation says that its treasury is aiming to expedite the immediate adoption of decentralized apps (dApps) and other partners to the Sonic network.
Sonic is designed to be a high-throughput layer-1 chain with a native layer-2 chain linked to Ethereum (ETH).
The Fantom Foundation says that the allocation underscores its dedication to creating “a robust and dynamic platform and community.”
“Sonic’s ambition is nothing less than reinventing the future state of blockchain, empowering visionary creators of today to develop the decentralized applications of tomorrow, and enabling our community to actively co-create a vibrant, global cooperative ecosystem.
With strategic investments in top-tier infrastructure providers and cutting-edge on-chain tooling, we are poised to offer unparalleled support to developers
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