Fantom General Update | June 5, 2023

May 25

10,000,000 FTM have been burned! In the current fee structure, validators receive 70%, the Ecosystem Vault receives 10%, the dApps part of Gas Monetization receive 15%, and the remaining 5% is burned permanently.

May 25

Herbert Jordan, a research and development scientist at Fantom, spoke at the Next Block Expo in Warsaw about Fantom and the platform’s potential ability to handle 100 million transactions every day.

May 30

Fantom became an official partner for Web3 Berlin, which is one of the biggest Web3 conferences in Europe with a focus on inclusivity, networking, education, and onboarding people to the Web3 space.

May 31

Gas Monetization launched on Fantom! Over a dozen dApps are earning a 15% share of the gas fees they generate, which is inspired by the Web2 ad-revenue model to reward creators that bring activity!