Fantom Basis has responded to the information of Andre Conje exiting crypto. The announcement which got here early on Sunday noticed Anton Nell and Andre Conje announce their departure from crypto and decentralized finance (DeFi) and any contribution thereof. This had despatched shocked the group because it got here seemingly out of nowhere, leaving many questioning the destiny of the blockchain.
Fantom Basis had been fast to reply and tackle these considerations, assuring the group that the departure wouldn’t adversely hurt the event of the venture in any manner. The muse defined that Conje’s contribution to crypto had been immense however that Fantom was not a “one-man group” which means that the exit of a single dev wouldn’t derail the venture in any manner.
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Moreover, Fantom Basis added that Conje was not a “core dev”. The venture will proceed alongside in its improvement as there are greater than 40 others who proceed to work tirelessly in the direction of the success of the community. Along with a whole lot of builders and 100K+ distinctive addresses that proceed to hold out transactions on the community every day.
The muse referred to Conje as a “massive image man” who had labored carefully with the CEO, however famous that his resolution to depart the crypto world would don’t have any influence on the community. Growth will stick with it as scheduled, the inspiration explains, and are nonetheless on observe to ship notable upgrades anticipated within the quick time period.
Due to this fact, the event of Fantom will not be impacted by Andre’s resolution.
Massive issues are coming, as scheduled.
We’re nonetheless on observe to ship snapsync and a db improve within the quick time period and to launch middleware enhancements corresponding to flat storage and the fvm.
— Fantom Basis (@FantomFDN) March 6, 2022
Why Is Andre Conje Leaving Fantom?
Conje had been a notable determine within the Fantom group going way back to 2018 given his involvement and contribution to the event of the community. He additional went on to spearhead in style initiatives like Yearn Finance (YFI) and Keep3r Community, alongside others, additional solidifying his position as a key participant on the Fantom community. That is why the dev’s exit has come as a shock.
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In an announcement that was posted on Twitter, Anton Nell defined that he and Conje had made the choice to depart crypto and DeFi. Explaining the reasoning behind this, Nell mentioned that it was “not a knee-jerk response to the hate obtained from releasing a venture, however a call that has been coming for some time now.” Which means they’ve been planning the departure for some time.
Following the announcement, the costs of initiatives Conje was concerned with had taken a plunge. Fantom’s FTM token had fallen 8% from above $1.5 to $1.39 and YFI had seen $3k wiped off its worth because it plunged from $20K to $17K. These tokens have since begun to search out steadiness after this however proceed to endure results from the information.
FTM tumbles after Nell's announcement | Supply: FTMUSD on TradingView.com
Featured picture from CryptoWisser, chart from TradingView.com