• Fantom, an open-source smart contract platform, announced that its governance proposal to set up gas monetization for decentralized applications (dApps) had passed, with 55.9% of its community voting in favor of the implementation.
• The implementation would act both as a revenue source and an incentive to attract and retain high-performing dApps on the Fantom network.
• The news comes after the project’s once-exiled co-founder Andre Cronje revealed the project’s plans for 2023, with the proposal being seen as a complement to the next growth phase.

Fantom, an open-source smart contract platform, recently announced that its governance proposal to set up a gas monetization system for decentralized applications (dApps) had passed. The news was met with enthusiasm by the Fantom community, as 55.9% of them voted in favor of the implementation.

This gas monetization system is meant to serve two purposes. The first is to act as a revenue source for Fantom. By allowing developers to monetize their dApps with gas fees, Fantom will be able to generate more revenue from its platform. The second purpose is to incentivize developers to build on the Fantom network. The gas monetization system works similar to affiliate incentives, allowing developers to earn rewards for successful dApps.

The news comes after Fantom’s once-exiled co-founder Andre Cronje revealed the project’s plans for 2023. The passing of the gas monetization proposal is seen as a complement to the project’s next growth phase.

The implementation of this gas monetization system is seen as a major step forward for Fantom, as it positions the platform to be a major player in the blockchain space. The project is expected to continue to make progress in 2023, as the team works to actualize their roadmap. If successful, the project could see a revival in its metrics and help to grow its revenue.