What is FTM in Binance?

Excuse me, could you please explain to me what FTM stands for in the context of Binance? I've been hearing a lot about it recently and I'm quite curious to know more. Is it a token? A trading pair? Or perhaps something else entirely? Could you also elaborate on its uses and functionality within the Binance ecosystem? I'd really appreciate it if you could provide a brief yet informative description.