Fantom is a layer-1 blockchain aiming to provide an alternative to the high costs and low speeds. Fantom has an innovative consensus mechanism and a technology that allows it to decrease transaction processing time.
Fantom is Ethereum compatible, meaning that your wallet address on Ethereum is the same as on Fantom. Assets can be moved back and forth between Fantom and Ethereum using a “bridge”.
You can read more about Fantom in the official blog.