Fantom CEO: Andre Cronje Will Hand Over All Running Projects to Existing Team

Fantom CEO and CIO Michael Kong tweeted that Andre Cronje's earlier tweet that he was "terminating" 25 projects was misunderstood and that they were "terminating" their involvement, but handing over everything they run to the existing teams. Many of these projects have existing teams, such as Yearn Finance and Multichain, which have been around for years and have not ceased development. In addition, Fantom has not changed anything operationally, all core and middleware developers are working on the next update, including Snapsync, Flat storage, etc. In the meantime, Fantom is continuously expanding its team of researchers and developers.