Category: ICO

Fantom’s FTM Outperforms Ahead of Upgrade

Layer 1 blockchain Fantom’s native token, FTM, has gained over 190% in four weeks, becoming the best-performing non-meme cryptocurrency among the top 100 digital assets by market value. FTM’s price surged to $1.16, the highest since April 2022, according to data tracked by CoinGecko. The token’s market capitalization jumped to $3.29 billion, becoming the 44th largest digital asset in the world. Fantom’s impending Sonic upgrade, expected to boost transaction processing speeds, may have galvanized investor interest in the cryptocurrency. The Sonic mainnet will replace the existing Opera mainnet in the…

AIOZ Network Partners With Alibaba Cloud to Boost AI, Storage and Streaming Services

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FTM Has Surged Nearly 200% in 30 Days as Fantom’s Sonic Upgrade Looms

“Fantom Sonic unlocks new possibilities for the Fantom ecosystem, particularly in decentralized finance (DeFi) platforms, blockchain games, high-frequency applications, and the Internet of Things (IoT). The enhanced throughput and efficiency enable smoother operation of DeFi platforms, richer gaming experiences, efficient handling of microtransactions, and secure IoT data exchanges,” Reflexivity Research said in a report published last month. Source

Espresso Systems Raises $28M in Fresh Funds, Led By A16z Crypto

“Rollups have enriched the greater Ethereum ecosystem with horizontal scalability and a diversity of execution environments, but at the expense of fragmentation—apps across rollups do not have the same shared liquidity and interoperability as apps on the Ethereum L1,” Ben Fisch, CEO of Espresso Systems, said in an interview with CoinDesk over email. “Shared sequencing enables rollup users to regain the experience of being on one Ethereum chain.” Source

Pioneering the Protocol Economy for Digital Ownership and Decentralized Growth

Most investors are familiar with the business model of the entrenched platform economy, in which a set of powerful tech companies rely on the network effects that they generate to obtain proprietary data, goods or content from users. These tech giants dictate terms favorable to their own businesses yet often limiting for users’ interests. One of the most exciting and perhaps underappreciated aspects of blockchain technology is that it has enabled a new business model – what we call the protocol economy. A blockchain, in its simplest form, is a…