According to Odaily, Fantom Foundation has announced the completion of a $10 million strategic financing round. The funding round was led by Hashed, with participation from UOB Ventures, Signum Capital, Softbank, and the Aave Foundation. The funds raised will be used to support the newly established Sonic Foundation and Sonic Labs. Additionally, the financing will be directed towards strategic growth and ecosystem development, with a particular focus on enhancing the liquidity of automated market makers and blue-chip pools in the currency market. The move is aimed at attracting users from Ethereum and other second-layer networks.
Fantom Foundation Secures $10 Million In Strategic Financing
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