Fantom Foundation is the organization that oversees the product offering of Fantom, a Directed Acyclic Graph (DAG) based blockchain platform that uses its own consensus algorithm and focuses on developing a fast, secure, and scalable decentralized finance (DeFi) infrastructure.
The Fantom Foundation was founded in 2018 and launched its mainnet, Opera, in December 2019. The organization is responsible for overseeing Fantom's products, such as its DAG-based blockchain platform and consensus algorithms designed to offer fast, secure, and scalable DeFi solutions for crypto app developers and businesses.
Fantom Foundation is also developing Sonic Chain, a layer 2 bridge to Ethereum, which allows developers to build faster and more efficient applications using Fantom blockchain technology. In addition, the project has Sonic Labs, an incubator that offers funding, mentorship, and other support for developers looking to build innovative applications in various fields, including DeFi, gaming, and others.
What is Fantom Foundation?
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