How to Add Fantom (FTM) to Metamask
Adding Fantom to your Metamask Wallet is the same as adding other EVM compatible networks like Binance Smart Chain, or Avalanche.
All you need to do is find the RPC information and add it as a Network to your Metamask network list. Follow this simple guide to get started:
- Step 1: Download your Metamask Wallet before adding Fantom information.
- Step 2: Select the Metamask browser extension and click 'Add Networks'.
- Step 3: Input the Fantom network RPC information to enable FTM Chain on your Metamask Wallet.
- Step 4: Once you have connected your Metamask Wallet to Fantom, you will then be able to interact with FTM dapps like SpiritSwap, SpookySwap or Geist Finance.
Fantom Network RPC Details
The Fantom Network details that you need to add to your Metamask Wallet are as follows:
- Network Name: Fantom Opera
- RPC Url: https://rpc.ftm.tools/
- ChainID: 250
- Symbol: FTM
- Block Explorer URL: https://ftmscan.com/
Make sure you use the details above to correctly connect to Fantom. You can double-check the network details on the official Fantom Development Docs.
How to buy Fantom on Metamask
After adding Fantom to your Metamask Wallet, you will then be able to buy FTM tokens on a native decentralized exchange (DEX). To do so, you may need to bridge funds from Ethereum to Fantom to perform a swap.
Once you bridge your tokens to the FTM chain, you will then be able to swap those tokens to buy Fantom on your Metamask Wallet. We recommend using SpookySwap to buy FTM on your wallet.
Is Fantom Safe?
The Fantom Foundation has been developing the Fantom Layer 1 blockchain since 2017 without any real controversies. Their network is healthy and has grown to billions of dollars in Total Value Locked across their DeFi and GameFi applications.
The high TVL indicates that the network is trusted by large funds and other sophisticated investors. This typically means that it is safe to use the Fantom network and others with equivalent value locked on their platforms.
Fantom Network Overview
Fantom is a DAG based smart contract platform that promises to provide an ultra-fast, scalable, and environmentally sustainable blockchain solution. The Fantom ecosystem is powered by the native FTM token and it utilizes directed acyclic graph (DAG) technology instead of the more commonly used blockchain structure.
Unlike blockchain, DAG does not rely on miners to verify transactions. Instead, transaction speed and scalability is improved by having each new transaction confirm two previous transactions. This allows for a much faster transaction time than traditional blockchains. In addition, Fantom uses a unique consensus algorithm called Lachesis which is based on the BFT consensus algorithm.
Fantom uses the Opera Chain architecture which is designed to be scalable, lightweight, and easy to use. The Fantom Virtual Machine (FMV) is used to run smart contracts on the Fantom network. The FMV is compatible with multiple programming languages including Java, Solidity, and Go.
Fantom Opera Network was founded in 2018 by Michael Kong and Dr. Ahn Byung Ik. The Fantom Foundation is headquartered in Singapore. The Fantom ICO took place in June 2018 and raised $40 million USD. The FTM token is currently trading on a number of exchanges including Binance and Kucoin.