Fantom, a high-performance, single-state, and EVM-compatible blockchain, today announced the live deployment of the Gitcoin Grants Protocol on the Fantom Network. In collaboration with Gitcoin, Fantom projects can access funding in a democratic manner to streamline dApp development. Starting today, Fantom community members can cast their vote on which projects will receive funding. To date, 100 applications have been submitted since the November 15th beta launch, with the voting round set to commence on December 12th.
As DeFi adoption continues to trend upward, Fantom is looking to both drive the acceleration of the space and empower its robust community by enabling users within the ecosystem to donate to the projects they support. Starting today, Fantom users can vote on $FTM allocations.
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“Fantom is thrilled to continue its support for its robust community, and help accelerate the growth of the projects that make it special,” said Fantom CEO, Michael Kong. “Alongside Gitcoin Grants, we’re bringing greater exposure to the promising dApps within the Fantom ecosystem, and helping the community directly contribute to their success.”
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To mobilize even greater support for Fantom-native projects, the Fantom Incentive Program aims to empower the community with decentralized voting on the grant allocations. Not only will the initiative bolster up-and-coming projects on Fantom, but it also provides greater visibility to the promising DeFi, gaming, NFT, and infrastructure projects building on the network.
“Fantom has always employed a community-first approach,” continued Michael Kong. “Our goal is to empower our community and the projects they support. This is an initiative that we intend to be ongoing, as we strive to offer consistent, impactful support to Fantom developers and users.”
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