Fantom introduces $120M fund to drive development on Sonic blockchain

Fantom Foundation said it allocated 200 million FTM tokens, worth about $120 million, to the Sonic Labs Innovator Fund to support projects migrating to the new Sonic network. The Foundation clarified that Fantom network creator, Andre Cronje, generated the fund through strategic financial management, which did not increase FTM’s total token supply. Also Read: Fantom