Fantom Foundation completes $10 million strategic financing, led by Hashed

ChainCatcher news, according to Theblock, the Fantom Foundation announced the completion of a $10 million strategic financing, led by Hashed, with participation from UOB Ventures, Signum Capital, SoftBank, Aave Foundation, and others. The funds from this round of financing will be used to support the Sonic Foundation, as well as strategic growth and ecosystem development, with a particular focus on enhancing the liquidity of automated market makers and blue-chip pools in the money market. This move aims to attract users from Ethereum and other Layer 2 networks.

Additionally, the Web3 asset data platform RootData shows that Fantom is a high-performance, scalable, EVM-compatible, and secure smart contract platform. Developers can quickly port existing Ethereum-based DAPPs to the Fantom Opera mainnet, significantly improving performance and reducing costs.