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The architects behind Ethereum (ETH) rival Phantom (FTM) have revealed an internal letter detailing the project’s goals and new year’s focus.
Published in a Medium post, Andr Cronnier, a decentralized finance (DeFi) veteran and member of the board of directors of the Phantom Foundation, said that the Phantom’s mission is “a single unit for all decentralized people.” Our goal is to create the highest throughput blockchain available to provide a secure payment layer for activity. “
Cronje, who also created Yearn Finance (YFI) and other protocols, said: To tell The main focus of the project is to make it easier for developers to create decentralized applications (DApps) and build ecosystems.
Our foundations role is not to choose a business vertical, but to enable a base layer that can facilitate all verticals. We should not focus on user verticals. Tools, integration , usability, and developer UX improvements. [user experience]Such. New stories should not distract you. defi / nft / gamefi / exchanges / etc.
Our overarching goal over the next 12 months is to create an environment for DApp developers to build sustainable businesses while also distinguishing themselves from other Layer 1 solutions.
Other focus areas include gas subsidies, gas monetization, and a marketing plan to be announced by the second quarter of 2023, according to the blog post.
Regarding Fantom’s financial situation, Cronje said:
On finances: As publicly communicated, given the current economic climate, we are in a very sustainable and healthy position, especially compared to 2018. It’s one of the threats to our existence that we don’t have to worry about.”
At the time of writing, FTM is trading at $0.204 and has a market cap of $518 million, down 94.1% from its all-time high.
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Featured Image: Shutterstock/Vitalii Bashkatov
