June 14, 2025

Fantom Foundation Allocates $120M in FTM Tokens to Launch High-Speed Sonic Network

1 min read

The Fantom Foundation has recently unveiled plans for a significant financial investment to bolster the launch of a new, high-speed network named Sonic. On June 20, the foundation confirmed the allocation of 200 million Fantom tokens, roughly valued at $120 million, from its reserves to assist developers in transitioning their projects to Sonic. Fantom network

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Source: CoinOtag

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