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Fantom Foundation Establishes Sonic Labs Innovator Fund, Will Invest Up to 200 Million FTM

Odaily2024/06/20 18:09
By:Odaily
Odaily News According to official news from the Fantom Foundation, the Fantom Foundation announced the establishment of the Sonic Labs Innovator Fund, which will invest up to 200 million FTMs to attract more innovative mainstream dApp applications to migrate to the Sonic network. According to previous reports by Odaily, Sonic will be a brand new L1 chain, and will be bridged to chains such as Ethereum through native L2 cross-chain. According to the results of the first governance vote, FTM holders will be able to migrate to Sonics native token S at a 1:1 ratio when Sonic is created. The Fantom Foundation has stated that it will allocate at least $100 million to support the development of Sonic.
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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REEFUSDT is Now Available on Futures

Bitget launched REEFUSDT futures on September 20 , 2024 (UTC+8) with a maximum leverage of 50x. Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. REEFUSDT-M perpetual futures: Parameters Details Listing time September 20, 2024 18:30 (UTC+8) Underlying asset REE

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What is MetaCene (MAK)? MetaCene (MAK) is a play-to-earn game that offers an innovative economic ecosystem where players can earn cryptocurrency and NFTs through various in-game activities. MetaCene provides players with a rich, immersive gaming experience set in a futuristic world where players ca

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