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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.

Updated Sep 14, 2021, 12:47 p.m. Published Apr 27, 2021, 8:27 p.m.

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.

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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.

Hyperchain Fantom