Fantom’s latest governance proposal has passed, bringing gas m | Fantom Announcements

Fantom’s latest governance proposal has passed, bringing gas monetization to successful dApps

Along with optimizing demand for block space, this implementation rewards quality creators on Fantom in a sustainable way, using a methodology similar to affiliate incentives.

In addition, gas monetization will benefit Fantom's ecosystem of builders by introducing a new revenue source: monetizing the volume of transactions generated by their dApps.

This serves the goal of attracting quality developer talent to ensure a healthy, sustainable network.

dApp gas monetization takes the framework of a revenue model that already works in Web2 (ad monetization) and adjusts it to incentivize developers building on the Fantom network. It is a powerful tool to attract and retain high-performing dApps.

This is accomplished by reducing the burn-rate of 20% to 5% and redirecting 15% towards gas monetization.

Please note figures could increase/decrease in the future through a separate governance vote.

As described in the current eligibility criteria forum, the requirements are as follows:

• Completed 1,000,000 or more transactions
• 3 months or above spent on the Fantom Opera network

Please note, gas monetization could incentivize spam, clunky dApps, & other extraction loopholes.

Changes are expected around the criteria as we learn more about the effectiveness of certain requirements & will be made at the Foundation's discretion based on community input.

This successful governance proposal will complement the next phase of growth on #Fantom!

By introducing long-term monetization tools, Fantom can create sticky network effects necessary to attract high-caliber builders and creators

Thank you to the community for your participation in the governance process

For additional public discussion, users can head to: the Fantom forum post introducing dApp gas monetization

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