The architects behind Ethereum (ETH<\/a>) competitor Fantom (FTM<\/a>) are revealing an internal letter detailing the project\u2019s goals and points of focus for the new year.<\/p>\n Published in a Medium post, decentralized finance (DeFi) veteran Andre Cronje, who sits on the board of directors on the Fantom Foundation, says that Fantom\u2019s mission is to create the highest throughput blockchain available to provide \u201ca single secure settlement layer for all decentralized activity.\u201d<\/p>\n Cronje, who also created Yearn Finance (YFI<\/a>) and other protocols, says<\/a> that the project\u2019s primary focus will be to make it easier for developers to create decentralized applications (DApps) and build out the ecosystem.<\/p>\n \u201cOur Foundation\u2019s role isn\u2019t to choose a business vertical- it\u2019s to enable a base layer that can facilitate all verticals. We shouldn\u2019t be focused on user verticals. Our focus needs to be on developer verticals: improving tooling, integration, ease of use, developer UX [user experience], etc. We should not get distracted by the new narratives; defi \/ nft \/ gamefi \/ exchanges \/ etc.<\/em><\/p>\n 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.\u201d<\/em><\/p>\n Other areas of focus, according to the blog post include gas subsidies, gas monetization, and a plan for marketing, which there will be an announcement for by Q2 of 2023.<\/p>\n Regarding Fantom\u2019s financial situation, Cronje says,<\/p>\n \u201cOn finances: as has been communicated publicly, we are in a very sustainable and healthy position given the current economic climate, and especially compared to 2018. This is finally one threat to our existence we do not have to be too concerned about.\u201d<\/em><\/p>\n At time of writing, FTM is trading at $0.204 with a market cap of $518 million, 94.1% down from its all-time high.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get crypto email alerts delivered directly to your inbox <\/span><\/em>
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