↝ Fantom Evolves into Sonic Labs with New Initiatives and Collaborations

Fantom, the renowned crypto project, is undergoing a rebranding phase and taking the new identity of Sonic Labs with a prime focus on a novel, rapid blockchain initiative. Yet, over the recent market downturn, Fantom traders have encountered losses as the FTM price plunged, hitting its lowest for the year. Furthermore, Fantom achieved triumph with TARS AI, and alongside MoonBag, it prospered in the leading meme coin presales raising an impressive $3.8 Million. Presale Powerhouse Rollblock successfully managed to soar to $2 Million raised via an enormous inflow of Fantom (FTM) and Render (RNDR) holders. The Fantom engineer team launched the building blocks for Sonic, finalizing a $10 Million round for the foundation. Cryptocurrency analysis anticipates Ethereum's rival, Fantom (FTM) to leap to the $1.2 mark. The organization also joined hands with Google Cloud for greater Infrastructure and AI Capabilities and formed the Sonic foundation along with labs for the new Sonic Chain. Launching new testnets for the Sonic Upgrade, Fantom foresees a massive 6,700% throughput gain. Plans of expanding the Fantom line with the Fantom EX have also been disclosed. The Fantom Foundation has pledged an astronomical sum of over $144,000,000 in FTM to the Sonic Labs Accelerator Program. On the other hand, Fantom price predictions remain speculative, given the volatile nature of cryptocurrencies. Amidst all this, the Foundation lays emphasis on incentivizing 'safer memecoins' with the launch of a $6.5M development fund.

Fantom News Analytics from Tue, 16 Jan 2024 08:00:00 GMT to Mon, 05 Aug 2024 10:30:00 GMT - Rating 0 - Innovation 8 - Information 7 - Rumor 6