Fantom has had one of the best recent outings among cryptos amidst the FTX collapse. On Monday, November 28th, Andre Cronje, “Vice President of Memes” for the Fantom Foundation, published a Medium thread detailing the financial history of Fantom.
The report showed Fantom had some of the best financial reserves, with $100 million in stablecoins, $100 million in cryptocurrencies, and $50,000,000 in non-crypto assets. According to the report, with its current expenditure, it will take Fantom 30 years before touching its reserve of 450 million FTM.
On November 29th, Fantom was launched on Ledger, giving users the option of sending, receiving, and viewing their $FTM directly through the Ledger Live app.
Fantom also recently announced a new Fantom-Gitcoin grants program to provide funding to support projects building on the Fantom. Every project can apply, but the Fantom community will choose which projects the funds should be donated to.
According to Fantom, 125,000 FTM has been set aside for the initial trial round. In addition, projects will also benefit from greater support across project verticals, including DeFi, gaming, NFTs, and infrastructure.
Early in November, Fantom announced an integration by Ramp Network, which focuses on building infrastructure to connect crypto to the global financial network.
The integration gives users access to Ramp’s efficient fiat-to-crypto services, with crypto-to-fiat in beta testing and coming soon. Fantom builders can also connect to the Ramp SDK with just a few lines of code.
According to LunaCrush, the number of people talking about Fantom has spiked over the last week. LunaCrush reports that Fantom’s social dominance measured hourly hit 0.5908%, 423% above the seven-day average.
