PANews reported on May 24 that the Fantom Foundation has completed a strategic financing round of $10 million, led by Hashed, with participation from UOB Ventures, Signum Capital, Aave Foundation, and angel investors such as Stani Kulechov, Robert Leshner, Michael Egorov, Fernando Martinelli, Tarun Chitra, and Sam Kazemian. The funds from this round will be used to support the Sonic Foundation as well as strategic growth and ecosystem development, with a focus on enhancing the liquidity of automated market makers and blue-chip pools in the money market. Additionally, the Fantom Foundation announced plans to establish the Sonic Foundation and Sonic Labs before launching the Sonic blockchain. The Sonic Foundation will manage governance and funding, while Sonic Labs will focus on the development of decentralized applications.
Fantom Foundation Completes $10 Million Strategic Financing, Led by Hashed
PANews2024/05/24 00:02
Show original
By:PANews
0
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.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Announcement on Bitget listing MSTR, COIN, HOOD, DFDV RWA Index perpetual futures
Bitget Announcement•2025/08/27 10:14
Bitget to support loan and margin functions for select assets in unified account
Bitget Announcement•2025/08/27 02:55
[Initial Listing] Camp Network (CAMP) will be listed in Bitget Innovation and Public Chain Zone
Bitget Announcement•2025/08/26 15:11
XPLUSDT now launched for pre-market futures trading
Bitget Announcement•2025/08/26 14:57
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$113,268.82
+2.35%

Ethereum
ETH
$4,616.47
+1.00%

XRP
XRP
$3.01
+0.34%

Tether USDt
USDT
$1
+0.13%

BNB
BNB
$871.73
+1.83%

Solana
SOL
$215.37
+6.56%

USDC
USDC
$1
+0.11%

Dogecoin
DOGE
$0.2254
+3.23%

TRON
TRX
$0.3495
+0.29%

Cardano
ADA
$0.8758
+2.29%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now