Fantom Foundation completes $10 million strategic financing for Sonic, led by Hashed

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On May 24, The Block reported that the Fantom Foundation completed a US$10 million strategic financing to support the Sonic Foundation. This round of financing was led by Hashed, with participation from UOB Ventures, Signum Capital, SoftBank, Aave Foundation and others.

The funds raised in this round will be used to support strategic growth and ecosystem development, with a particular focus on enhancing liquidity in automated market makers and money market blue chip pools. This move is intended to attract users from Ethereum and other layer 2 networks.

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