Hyve welcomes their new Blockchain Integration Partner Fantom. Tasks, jobs, and offers can now be posted on the Fantom blockchain with the upcoming addition of the $FTM token as a new payment option. Nevertheless, this will unlock the possibility for new payment options, namely tokens that are entirely built on the Fantom blockchain. An additional advantage is the reduction of gas fees when compared to the Ethereum blockchain while increasing speed and performance.
HYVE was initially developed as a platform on the Ethereum blockchain, but it has evolved into a cross-chain protocol. By onboarding companies and projects specific to the Fantom chain, HYVE can act as a gateway for further adoption of those projects. Since HYVE currently supports four different networks, they are getting closer to its target of further adoption and becoming a ubiquitous freelancing platform, providing a wide variety of payment options and pandering to a wide array of users, and not just blockchain enthusiasts. And now Hyve welcomes their New Blockchain Integration Partner Fantom.
You can now hold $HYVE in your Metamask wallet on the Fantom network, as well as send or transfer to other addresses. Simply add the following contract address below in your Metamask, once you have switched to the Fantom network.
To switch your tokens between their supported blockchains, you can use the Radar Bridge. Read more about how it works here. Staking is also now unlocked on the Fantom network, yielding the same APR as the ETH, BSC, and Polygon.
Fantom has created an incredibly flexible and highly scalable open-source network, facilitating developers in porting their Ethereum-based dApps to a less costly and more speedy solution. Acting as an EVM compatible ecosystem, there are currently over 80 DApps having deployed on Fantom, varying from DEXs and DeFi platforms to NFT marketplaces and various blockchain tools.
Fantom is powered by its $FTM token, which can be used to pay fees as well as staking. Fantom’s modularity has attracted many projects.
HYVE has created the safest marketplace, allowing clients to browse potential candidates and hire them, based on what they need for any potential assignment. HYVE enables instant and secure payments by allowing payment directly in cryptocurrencies, reducing thus any instant or hidden fees freelancers were subjected to when dealing with overseas clients or weak institutions.