DePocket Lists Fantom (FTM) as its Latest Supported Chain

Less than a month ago, on June 20th, a company known as DePocket, which allows users to easily manage and optimally invest their crypto assets across all DeFi platforms, announced plans to support Fantom (FTM). According to the company’s tweet, it decided to add support for Fantom blockchain and enable users to use DePocket’s service to track assets on the Fantom chain, using its popular multi-chain wallets.

Recently, Fantom confirmed that DePocket did go through with the plan, and that Fantom’s blockchain is now officially supported by the service.

What does this mean for Fantom?

As mentioned, users will be able to use DePocket to track Fantom-based assets in wallets like Trust Wallet or Metamask. The same is true for those who use Fantom single-chain wallets.

Fantom is a permissionless, decentralized smart contract platform that particularly focuses on dApps and digital assets. As such, it is one of Ethereum alternatives and in the eyes of many — a potential successor to Ethereum. It is infinitely more scalable, with extremely cheap transaction costs which are typically under a cent.

On top of that, it is also EVM-compatible, and it uses PoS consensus mechanism, all of which makes it a safe and reliable platform for launching or using decentralized applications and other smart contract-based blockchain products.

So far, this has already worked well for the project, which is constantly seeing more and more innovative and interesting dApps which are enriching its ecosystem and attracting more users.

This is also what makes it perfect for DePocket, which seeks to integrate the leading chains into the application dashboard. Thanks to its reputation, ecosystem, technology, and more, Fantom definitely fits in well with the rest. Furthermore, additional supporting dApps on the Fantom chain will soon also become accessible via the DePocket app, according to the company’s announcement.

How does DePocket benefit?

DePocket itself aims to enrich its own ecosystem by adding support for Fantom, which should be helpful on its way of becoming the go-to place for all cryptocurrencies. Of course, the company still has certain requirements that cryptos need to fulfill, as its standards are high. However, there have been plenty of projects that fit quite well.

DePocket is also not limiting itself to utility coins only. It also wishes to provide the same kind of support for the GameFi sector, NFT assets, and alike. Its platform is user-friendly enough, allowing users to invest, swap, or save whatever assets they are interested in. And, with all of it being available in a single place for multiple blockchains, it is certainly convenient enough for users to switch to this service.

Not only that, but the project also has great tools for portfolio management, including news updates, graphs, charts, and alike. All in all, its goal is to bring DeFi closer to the people by making it easier to get into and handle, and supporting projects such as Fantom are definitely helping it move along towards achieving that goal.

To learn more visit our Investing in Fantom guide.