1. Project Overview:
Built by the DeFi godfather, Andre Cronje, Fantom (FTM) is reinventing itself with Sonic Network, a new L1 chain.
Sonic offers faster transactions, improved storage, and compatibility with any Web3 EVM blockchain.
FTM, a standout from 2021, unveils Sonic just as the market rotates back to quality tech and fundamentals.
With the planned Sonic Mainnet release in 2024 and $100M+ in incentives, FTM eyes a massive comeback.
(i) Project Summary:
Gas Monetization: Fantom dApps earn 15% of generated gas fees, providing sustainable income for developers.
Carbon Neutral: Fantom’s blockchain consumes less electricity annually than an average US home.
200M FTM Funding: Fantom commits 200M FTM to the Sonic Labs Innovator Fund to attract developers and users.
Sonic Network Launch: Sonic, a high-throughput L1 chain, connects to EVM chains via a custom L2 bridge.
DeFi Pioneer Builder: Andre Cronje, the 'Godfather of DeFi' is a Director and architect of Fantom.
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