The Fantom (FTM) token which is native to the Fantom ecosystem and platform could be in the focus of many investors following a development from last month.
Towards the end of April, the digital assets management firm HyperChain Capital raised its stake in the Fantom ecosystem by purchasing another $15 million worth of the FTM token. It is a significant development for Fantom considering the fact that back in February of 2019, HyperChain had made an investment of $2.5 million into the ecosystem.
However, that is not all. HyperChain is also going to help the Fantom ecosystem by providing it with network security services through one of its own subsidiaries.
The Fantom Foundation had been established back in 2018 and has been involved in building a blockchain ecosystem that can be scaled up successfully. In light of this development, investors could do well to keep the FTM token in their sights.