Andre Cronje says Fantom will focus on DApp ecosystem expansion in 2023


In accordance with a brand new Medium publish published on Dec. 26, decentralized finance (DeFi) architect Andre Cronje reaffirmed objectives and priorities for the Fantom (FTM) ecosystem in 2023. Cronje, who beforehand created protocols reminiscent of Yearn Finance and Keep3rV1, additionally revealed that he accepted a place as a board of administrators member for each Fantom Basis Ltd and Fantom Operations Ltd, which in flip oversees the namesake directed acrylic graph ecosystem. 

“Our overarching goal over the subsequent 12 months will likely be in the direction of creating an surroundings for dapp builders to construct out sustainable companies, whereas differentiating ourselves from different layer 1 options.”

Key factors on Cronje’s 2023 Fantom roadmap embody fuel monetization, which might permit income share for decentralized functions, or DApps, as a improvement incentive. As well as, Fantom DApps would be capable of work together with no pockets needing to pay the fuel charges itself by way of fuel subsidies. “Customers needn’t have or find out about FTM [during onboarding],” Cronje wrote.

Different areas of “fuel reform” embody ending differentiation between good contracts and externally owned accounts so everybody can provoke transactions and pay for fuel. Tokens apart from FTM would even be eligible to be used as fuel charges on the protocol.

By way of new developments, Cronje plans to deal with constructing the Fantom Digital Machine and a brand new storage mechanism. As for the protocol’s monetary administration, Cronje wrote:

“As has been communicated publicly, we’re in a really sustainable and wholesome place given the present financial local weather, and particularly in comparison with 2018. That is lastly one risk to our existence we wouldn’t have to be too involved about.”

Cointelegraph beforehand reported on Dec. 1, 2022 that Fantom introduced plans to cut its token burn rate by 75% to fund its DApp reward program. DApps will need to have recorded 1,000,000 or extra transactions and have spent three months or above on the Fantom Opera community to be eligible for rewards.