# Fantom Foundation

Fantom Foundation is a Foundation based in George Town, United States.

## Overview

- **Organization type:** Foundation
- **Headquarters:** George Town, United States
- **Region:** North America
- **Address:** Morton Grove, IL, United States
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** fantom.foundation

## Regulatory record

- **Reports private funds:** No

## About

Fantom Foundation is a venture capital firm. It has made one investment, deploying $5 million in total capital. The firm focuses on the blockchain sector.

## Sectors

- Blockchain & Crypto
- DeFi
- Infrastructure

## Offices

- Moscow, Russia
- Seoul, South Korea
- Hong Kong
- Singapore
- Las Vegas, NV, United States
- New York, NY, United States
- Park City, UT, United States

## People

- Michael Kong — CEO
- Andre Cronje — Technical Advisor

## Questions

### Who controls investment decisions at the Fantom Foundation?

CEO Michael Kong oversees the foundation's grant allocation and ecosystem development strategy. Former technical advisor Andre Cronje contributed to protocol design but stepped back from active development in 2022 (per CoinDesk, March 2022).

### Is the Fantom Foundation structured as a for-profit or non-profit?

The Fantom Foundation operates as a non-profit entity supporting the Fantom blockchain ecosystem. Its treasury funds infrastructure development, marketing, and community initiatives rather than seeking financial returns.

### Which investment stages and asset classes does the Fantom Foundation target?

The foundation focuses on early-stage grants and liquidity incentives for projects in DeFi, blockchain infrastructure, and enterprise applications. It does not make equity investments or run a venture fund.

### What is Fantom's consensus mechanism and how does it differ from Ethereum?

Fantom uses Lachesis, an asynchronous Byzantine Fault Tolerant (aBFT) proof-of-stake consensus that achieves sub-second finality. Unlike Ethereum's proof-of-work or proof-of-stake, Lachesis processes transactions in parallel using a directed acyclic graph structure — reducing energy use and improving speed (per Fantom official documentation).

### How is the Fantom Foundation related to Andre Cronje?

Andre Cronje served as a technical advisor to Fantom from 2018 until his widely-publicized departure from DeFi in March 2022. He later returned to contribute to the ecosystem. He is not a board member or executive at the foundation (per CoinDesk, March 2022 and several subsequent reports).

## Related profiles

- [Stacks](https://altss.com/profile/stacks)
- [Xmachina-AI](https://altss.com/profile/xmachina-ai)

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Last updated: 2026-06-03T20:00:00.000Z

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