Fantom Gets Added $15M Investment From HyperChain Capital

In addition to investing in Fantom financially, Hyperchain Capital is involved in securing the network through a subsidiary that runs validator nodes on Fantom.

Apr 27, 2021 at 8:27 p.m. UTC

Updated Sep 14, 2021 at 12:47 p.m. UTC

HyperChain Capital, a digital assets management company, said it bought an added $15 million stake in the Fantom ecosystem through the purchase of FTM, the platform's native token.

The investment by the firm, which focuses on blockchain products and decentralized protocols, is on top of the $2.5 million investment it made in Fantom in 2018, Fantom said in a blog post.
In addition to investing in Fantom financially, Hyperchain Capital said it's involved in securing the network through a subsidiary that runs validator nodes on Fantom.
The Fantom Foundation, founded in 2018, is building a scalable blockchain ecosystem designed to facilitate decentralized, scalable, and secure applications.
Fantom was built to be a kind of "load balancer" to the popular Ethereum blockchain. Due to heavy traffic, Ethereum can be plagued by congestion and high transaction fees. Fantom is designed to act as a bypass around that congestion, allowing for faster, cheaper transactions. Fantom literature says the blockchain has 1-second transaction speeds and near-zero fees.
The price of FTM is at 50 cents, up more than 29% in the last 24 hours.

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