The Fantom Foundation has dedicated up to 200 million FTM tokens to support the launch of Sonic, the network’s latest version. In a recent blog post, the Fantom Foundation stated that its treasury aims to accelerate the immediate adoption of decentralized apps (dApps) and other partners to the Sonic network. Sonic is designed to be a high-throughput layer-1 chain with a native layer-2 chain linked to Ethereum (ETH). The Fantom Foundation emphasized that the allocation demonstrates its commitment to creating “a strong and dynamic platform and community.”

“Sonic’s goal is nothing short of reinventing the future of blockchain, empowering today’s visionary creators to develop the decentralized applications of tomorrow, and enabling our community to actively co-create a vibrant, global cooperative ecosystem. With strategic investments in top-tier infrastructure providers and cutting-edge on-chain tooling, we are ready to provide unparalleled support to developers and users alike. The upcoming grants will empower both existing Fantom projects and leading applications native to the new Sonic network. This is the first of many initiatives we plan to launch in the lead-up to the release of Sonic, a new network capable of handling up to 200 million transactions a day, redefining industry limits. We invite you to join us on this journey as we lay the foundation for this ecosystem and participate in the rise of Sonic.”

The Foundation noted that the first step of the allocations is to “prioritize strategic grants for applications from within the current Fantom ecosystem and identify the leading applications that have shown interest in the Sonic technology.” At the time of writing, FTM is trading at $0.58.

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