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4 Reasons Why Fantom $FTM Grew Big in Last Thirty Days

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by Andrey Sergeenkov · 3 min read
4 Reasons Why Fantom $FTM Grew Big in Last Thirty Days
Photo: Fantom Foundation

In the last thirty days, the Fantom Foundation has seen one of its most whirlwind months of action since its public release.

A new blockchain platform is on the scene, and it’s drawing the eyes of industry leaders across the globe. 

Fantom, a blockchain platform ensuring security, scalability and speed, is making waves across the world, with thousands of users flocking to use the platform daily.  

The platform prides itself on its high-performance, scalability, and secure smart-contract platform, specially designed to overcome the limitations of previous generation blockchain platforms. 

The system is fully permissionless, decentralized, and open-source, and aims to provide users with one of the most reliable and innovative blockchain systems available on the market anywhere in the world. 

In the last thirty days, the Fantom Foundation has seen one of its most whirlwind months of action since its public release. From one of the most significant updates yet, to partnerships with governments and businesses across the globe, here are four reasons the platform went big over April. 

Fantom Partners with Pakistani Government

Fantom is seeing a huge jump in interest in the large Asian nation of Pakistan, partnering with both the Pakistan Punjab Prisons Department, and the Provincial Assembly of Khyber Pakhtunkhwa, or KPK. 

In the Pakistani prison system, Fantom has signed a Memorandum of Understanding to be involved in the creation of custom blockchain Enterprise Resource Planning (ERP) software, which will demonstrate a range of unique advantages, such as immutable auditing of company data.

In KPK, Fantom will assist with the digitalization of the Assembly, ensuring the work of the assembly is open and transparent to the public.

Fantom Network Completes Successful Upgrade

Also in April was the official launch of Go-Opera, improving the network’s performance and reliability. 

The update saw a variety of changes, including an increase in the speed of transactions, now completed in around one second. There’s also improved decentralization and event emission has also become more efficient, making the network more resilient during suboptimal conditions.

HyperChain Capital Invests $15m into Fantom

April saw the exciting news that Hyperchain Capital, a leading digital assets management company focused on blockchain projects and decentralized protocols, invested a further $15 million USD into the platform.

The investment followed a 2018 investment of $2.5 million from Hyperchain, indicating a real belief in Fantom’s potential for growth.

“Fantom remains one of the most exciting and innovative projects in the industry. We’re impressed by the constant technological advancements and the expansion of business development in Asia to tackle real-world issues,” Fantom CEO Stelian Balta said after the announcement of the investment. 

Fantom Hands over Grants to Support Developers to #BuildOnOpera

Walking the talk on the promise to be community-minded in its work, Fantom handed out a number of grants to various groups over April, in an attempt to encourage the hard work of developers making use of the blockchain.

Both SpiritSwap and SpookySwap saw grants from the Fantom Foundation to continue their work within the Fantom ecosystem, after the two groups drove a huge number of transactions through Fantom over April.

On top of that, HyperJump was also awarded a grant and will use it for a community giveaway, while ZooCoin was given a grant for their development of a unified DeFi ecosystem.

So there you have it! There are four reasons Fantom continued its exponential growth over the month of April. For more information on Fantom, visit the official website.

Altcoin News, Blockchain News, Cryptocurrency news, News
Julia Sakovich
Author: Andrey Sergeenkov

Founder and editor at BTC PEERS. Andrey writes about financial experiments, DeFi, cryptocurrency, and blockchain.

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