The Fantom Foundation announced five award-winning projects from the Sonic Labs incubator, each receiving $294,000 worth of FTM support
ChainCatcher news, according to the official announcement, the Fantom Foundation has announced five award-winning projects from the Sonic Labs incubator, which are: the perpetual DEX project Lynx that supports any token as collateral, the social protocol Thunder Dome, the P2P lending platform Dēbita, the green tech startup KiriCoin, and the RPG blockchain game Froqorion.
It is reported that the Fantom Foundation previously announced the launch of the Sonic Labs startup accelerator program, aimed at promoting innovation within the new Sonic technology stack of Fantom, providing resources and support for the next generation of Web3 entrepreneurs. The program will select five projects, providing each with funding support of 1 million FTM (approximately $294,000), as well as technical support, co-marketing, and mentorship.