Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Fantom launches $6.5 million development fund, betting on safer memecoins

Fantom launches $6.5 million development fund, betting on safer memecoins

CointimeCointime2024/05/01 04:19
By:Cointime

Layer-1 blockchain Fantom is using a grant of $6.5 million worth of native FTM as a development fund to promote the idea of safer meme coins, in an attempt to gain a share of this nearly $50 billion market. Solana and Coinbase's Ethereum Layer-2 network Base accounted for the majority of trading volume in the recent meme coin frenzy. However, up to one-sixth of meme coins on Base were exposed as scams, and at least 12 sizable meme projects on Solana were quickly abandoned by their founders after raising $26.7 million.

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: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!