The layer-1 blockchain project is now operating the “Ecosystem Vault,” a new fund “aimed at empowering builders on Fantom by offering a decentralized avenue for funding projects, ideas and creations through a community-driven decision process.”
FTM is trading for $0.352 at time of writing. The 54th-ranked crypto asset by market cap is up more than 15% in the past 24 hours and around 54% in the past seven days. The token is also up more than 80% since the beginning of 2023.
The Fantom Foundation notes in a new announcement that the Vault is an on-chain fund controlled by the Fantom