Alameda Research invests $35m into Fantom Foundation
- Alameda Research enters the Fantom ecosystem, collaborating with the Fantom Core team integrating Solana, Serum, Raydium, and other cross-chain products.
- In addition to that, Alameda Research will run a validator node on top of the Fantom Opera mainnet to help boost network security.
Today we’re excited to announce that Alameda Research has acquired a $35 million stake in the Fantom ecosystem through the purchase of FTM.
We came to the conclusion that strategic alignment between Alameda and Fantom is fundamentally important, as many of our technical partners – such as Ren – are part of the Alameda family of companies and products.
This investment will align the incentives between Alameda and Fantom, allowing us to push towards a non-tribalistic cross-chain ecosystem with other platforms such as Solana, while also reducing friction for developers who want to build on multiple ecosystems.
About Alameda Research
Alameda Research was founded in October 2017. They are a leading research and trading firm, peaking the leaderboards in trading volume across all major coins across multiple exchanges, in the spot and derivative markets. The team at Alameda has a full-scale global operation with the ability to trade on all major exchanges and markets.
With decades of experience from Jane Street, Optiver, Susquehanna, Facebook, and Google, they’ve built some of the most sophisticated trading systems in the crypto world, being the ones who have also built the FTX exchange.
About Fantom Foundation
The Fantom Foundation is building a highly scalable blockchain ecosystem that facilitates decentralized, scalable, and secure technologies.
Fantom is a fast, scalable, and secure layer-1 platform built on an aBFT consensus protocol.
The speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications as well as real world uses.
Many Ethereum protocols are porting over to Fantom to create a seamless cross-chain ecosystem. These include Keep3rV1, Cover, Cream, Frax, Sushiswap, Yearn and others.
The technology is also used in four pilot programs in Afghanistan as part of a full-scale digitization of the country.