Fantom DeFi Architect To Create Dapps Without Gas Fee

DeFi architect restated his objectives and ambitions for Fantom until 2023
A crucial aspect of the 2023 Fantom plan is gas monetization
Gas subsidies would allow Fantom DApps to engage without gas fees

In a recent Medium article published on December 26, decentralized finance architect Andre Cronje restated the objectives and ambitions of the Fantom ecosystem until 2023.

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A crucial aspect of Cronje’s 2023 Fantom plan is gas monetization, which would enable income sharing for decentralized apps or DApps as a development incentive.

Moreover, gas subsidies would allow Fantom DApps to engage without the requirement for a wallet to pay the gas fees.

Andre Cronje explained:

Our focus needs to be on developer verticals: improving tooling, integration, ease of use, developer UX, etc. We should not get distracted by the new narratives; defi / nft / gamefi / exchanges / etc.

He added, “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.”

Other aspects of gas reform include the elimination of the distinction between smart contracts and externally owned accounts so that anybody can initiate transactions and pay for gas. In addition to FTM, other tokens would be acceptable for usage as protocol gas costs.

In other news, according to the results of a survey that was conducted in November of 2021, the majority of people who invest in cryptocurrencies do not have the slightest idea about how to invest in cryptocurrencies. Surprisingly 90% of these investors didn’t know that Bitcoin(BTC) has a limited supply.

About 10% of investors, then, understand what cryptocurrency is and how to put their money to work in the blockchain-based digital currency. In order to join the elite 10% club, you must read the white paper for the cryptocurrency you wish to invest in. Investors benefit from this because it enlightens them about cryptocurrencies and prepares them to put their money into them.

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José Gustavo

José is a crypto enthusiast who trades crypto night and day. He loves to share his trading stories and experiences in all his published articles. José likes to hang out and travel to meet new friends. Enjoys sushi, vodka, and tequila.