Fantom Foundation expressed:  “We’re extremely excited to announce that we’re extending our 370m FTM Incentive Rewards Program to blockchain games! Fantom is the ideal platform for gamefi, thanks to its almost instant finality and low transaction costs.”

Hands down, Fantom has been successfully attracting the most innovative developers in the blockchain space, many of them are working on dApps which are at the forefront of defining GameFi.

To support both these builders and the broader diversity projects which are building on the Fantom ecosystem, they are pleased to extend the previously announced 370,000,000 FTM incentive program to all blockchain-based and NFT-based games. All eligible projects may apply.

Fantom is an advanced blockchain project, which provides a platform to build customized decentralized applications (DAPPs) and non-fungible tokens (NFT).

The Fantom Foundation focuses on building the infrastructure for a democratic and efficient future while solving challenges which are faced by older blockchain projects like the Bitcoin.

Fantom is focused in improving the speed, security, and scalability of decentralized cryptocurrencies.

Fantom is considered to be the ideal platform for GameFi due to instant finality and low transaction costs.

In the past month, Fantom announced a 370 million FTM incentive program for builders.  Also, the Fantom foundation announced that for protocol teams they are going to reward them for sustaining and increasing their TVL on Fantom.

Several foundations have been providing rewards to those who were willing to lock their value on the top of the blockchain. To align better incentives, the foundation have introduced different kinds of programs.

There are two areas where funds will have to be spend. One area is for building the protocol.  And, another area is for liquidity mining. As opposed to playing favorites to a particular team, FTM opened the opportunity for all the developer teams who will be deploying on Fantom.

370,000,000 FTM has been committed to the program and protocol teams have been applying for rewards from the Fantom Foundation based on their total value locked (TVL), scaling from 1,000,000 FTM up to 5,000,000 FTM during their first iteration, which is set to be changed accordingly based on the needs of builders.  Protocols are rewarded based on their time-weighted average TVL.

About the use of the rewards, the foundation is very clear that builders and devs know best how to allocate funds, therefore there is no restrictions on how awards may be used – whether to build the protocol or even for liquidity mining.

Community response:  370 million Ftm not $.  370 million FTM is going to be 740$ million in a few days.

If you build it and incentivize it, they will come.  I’m starting to build on Fantom just right now.