Layer-1 blockchain Fantom is pushing the idea of a safer meme coin by allocating $6.50 million worth of native FTM as a development fund in an attempt to grab a piece of the nearly $50 billion market.
Solana and Coinbase's Ethereum Layer-2 network, Base, accounted for the majority of trading volume in the recent meme trading boom. However, as many as one in six memes on Base were exposed as scams, and at least 12 sizable meme projects on Solana were quickly abandoned by their founders after raising $26.70 million.
Fantom launches $6.50 million development fund to bet on safer meme coins
2024-05-01 04:03:52
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