Tech progress of Fantom (FTM) blockchain and its ecosystem will not be affected by Andre Cronje’s decision to leave DeFi segment
The Fantom Foundation, the nonprofit behind the development of the Fantom high-performance blockchain (FTM) and related dApps, released a statement to clarify matters ahead of André Cronje’s resignation.
Fantom (FTM) development continuing and accelerating
According to the official statement shared by Fantom Foundation on its blog, there was a lot of “miscommunication” after media outlets started to spin the narrative of Andre Cronje’s decision to leave DeFi segment.
In large part, this statement is meant to explain that the influence of Andre Cronje’s decision on Fantom’s progress and promotion should not be overstated.
As per the document, neither Cronje nor his colleague Anton Nell were core developers of Fantom (FTM). Like other products that had been curated by Cronje, Fantom (FTM) has its own team to be responsible for Fantom’s future.
As such, Fantom’s roadmap is still relevant: the team is even expanding its human and technical resources:
Fantom’s technology development is continuing as normal. In fact, it is accelerating, with new hires being made.
Here’s how André Cronje’s departure affected altcoins
Additionally, Fantom reps pointed out that outlets spreading misinformation had their stories taken down within “one-two hours.”
As covered by U.Today previously, Andre Cronje and Anton Nell decided to quit all activities in the decentralized finance segment. They left their advisory positions at Yearn.Finance, Solidly and so on.
YFI, FTM, KP3R and other native cryptocurrencies of products associated with these developers simultaneously registered double-digit losses in no time.
Known as “DeFi Dad,” South African engineer Andre Cronje is one of the most influential developers in DeFi: he is an architect of the Yearn.Finance (YFI) protocol.
