Fantom Founder Andre Cronje Makes ‘Announcement’ As FTM Completes 103% Rally Since New Year


Fantom (FTM) co-founder Andre Cronje is updating the smart contract platform’s community as FTM continues to fly high since the new year.

Cronje tells his 378,300 Twitter followers that no one should expect any announcements or reveals as they advance the Ethereum (ETH)-rival’s ecosystem.

“Expectation management is important, I want to stress


No, this isn’t reverse psychology, I’m serious, we aren’t focused on announcements anymore, we simply discuss progress.”

At time of writing, Fantom is changing hands at $0.403, a more than 103% increase from its $0.198 low at the start of the year.

The Fantom Foundation, the development organization behind the project, recently discussed its major achievements in 2022, including massive transaction growth.

“Throughout 2022, the Fantom network averaged around 500k – 1 million daily transactions, which is a massive and consistent difference compared to 2021.”

The foundation also said there was an increase in the number of decentralized applications (DApps) operating on the Fantom network.

“In 2022, we saw many exciting DApps and projects launch on Fantom. Apps like, 1inch, Premia, and UniDex empowered users to take control of their finances in a self-custodial manner, whether that be performing simple swaps or leveraging derivatives.”

To attract more DApps to the network, the foundation said it plans to offer gas subsidies and other incentives.

“One of our key priorities is gas monetization, which will provide strong DApp teams with a sustainable income through revenue sharing based on the gas used by their DApps.”

Last month, Cronje posted an internal letter that he sent to the Fantom team highlighting that the primary focus for the project in 2023 is to make it easier for developers to create DApps and build out the ecosystem.

“Our overarching objective over the next 12 months will be towards creating an environment for DApp developers to build out sustainable businesses, while differentiating ourselves from other layer 1 solutions.”

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney


Source link

Related posts

Leave a Comment