Fantom Passes Proposal to Monetize Gas Fees for dApps

• Fantom has passed a governance proposal to monetize gas fees for dApps on its network.
• The proposal was voted for by 55.9% of the Fantom community.
• The move is part of Fantom’s plan to optimize demand for block space and reward quality creators on its network in a sustainable way.

Fantom, an open-source smart contract platform, has recently announced that it has passed a governance proposal to monetize gas fees for decentralized applications (dApps) on its network. This move is seen as a step forward in the realization of Fantom’s 2023 roadmap and is expected to help the platform grow its revenue.

The proposal was voted for by 55.9% of the Fantom community, with 99.8% voting in favor and 0.1% in opposition. The move is part of Fantom’s plan to optimize demand for block space and reward quality creators on its network in a sustainable way. This is similar to how revenue is generated in Web2 through ad monetization, but adjusted to incentivize developers building on the Fantom network. According to the Fantom Foundation, this implementation will help attract and retain high-performing dApps on its platform.

Fantom’s co-founder Andre Cronje has previously disclosed the project’s plans for 2023, in which he stated that the project’s goal is to move to the next phase of growth. This announcement will no doubt help them in achieving this goal.

The project has experienced some turbulence in the first half of 2022, however this new development has given them a much needed boost. With the implementation of this new proposal, the project is hoping to make progress in its roadmap and reach the goals that it has set out for itself.

In conclusion, Fantom’s announcement to monetize gas fees for dApps on its network is a big step in the right direction. The move is expected to help the platform grow its revenue, optimize demand for block space, and reward quality creators on its network. This is a move that is likely to garner the attention of developers and encourage them to build on the Fantom network.