Andre Cronje Lays Out 2023 Framework For Fantom
Decentralized finance architect Andre Cronje has written on the objectives and ambitions for the Fantom ecosystem in 2023 in a fresh Medium article published on 26th December.
Bear Markets Are Normal
The recently appointed board member emphasized that Fantom remains untouched by the problems that have plagued the cryptocurrency sector for the past year. Fantom was established under comparable conditions and, in Cronje’s opinion, understands how to weather the storm.
Andre Cronje states on his blog post that all the efforts during bear markets are rewarded when bull markets arrive. Those that stick with it and keep on developing, building, and expanding are the ones who benefit from the bull.
He further explains how ideally equipped Fantom is for this moment since it is a moment they are well accustomed to.
Crone then adds that the Fantom team is focused on building tools for developers and has no intention of becoming sidetracked by gamefi, collapsing exchanges, NFTs, or similar issues.
Instead, the Fantom team will keep working hard to provide cryptocurrency developers all the resources they require to realize their dreams.
dAPP Gas Monetization And Fantom Virtual Machine
Through the next few quarters, Fantom is going to focus on increasing the quality-of-life update through gas fees.
Gas monetization, which would enable income sharing for dapps depending on gas consumed, is one of the scheduled improvements. This function intends to emulate the payment methods used by video producers on different websites one of which is Twitch while incentivizing sustainable blockchain growth.
If the developers choose to let it, Fantom is also working on gas subsidies, which would enable dAPPS communicate with wallets without the wallet having to pay for gas costs.
Fantom has also suggested a brand-new funding plan for dappcreators, which would focus on dapp creators who are currently financially independent but might use a push.
At the end of the blog post, Andre Cronje promised more updates, mostly focusing on the marketing and business development divisions of Fantoms, near the end of Q1.
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