Fantom Foundation CEO Michael Kong tells Decrypt's Dan Roberts at Chainlink SmartCon 2022 how the Layer-1 blockchain competes with Ethereum and other chains, how it's a multi-chain future, how people misunderstood what the Ethereum merge was going to mean, and how to onboard more people into Web3.
There are currently over 20,000 blockchain projects on the market, each competing with the others to gain market share and dominance. And Since the onset of the crypto bear market, the price of these tokens have tanked across the industry.
For now, Fantom is among the relatively better-known chains. Its FTM token (No. 67 by market cap) is down 93% since its all-time high of $3.46 on October 28, 2021, and currently trading at $0.22, according to CoinGecko.
But the down market and crowded field of competition have not deterred the CEO of Fantom Foundation’s hope for the future.
"Competition is good because it can get you a better result, better technology," Fantom Foundation CEO Michael Kong...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...