By Michael Chen

Hey Fantomians! Today marks the last day of July, which means that we’re pushing out our bi-weekly recap! In the last two weeks, we’ve partnered with The Private Office of Sheikh Saeed bin Ahmed al Maktoum and Seed Group in UAE, joined multiple associations which will allow us to help shape regulatory frameworks, and we’ve released multiple technical updates on top of our recurring Fantom Archive series.

Partnering with The Private Office and Seed Group.

We recently had the honour of partnering with The Private Office of Sheikh Saeed bin Ahmed al Maktoum and Seed Group, which allowed us and our Innovation Lab to establish an operational presence in Dubai.

This collaboration had been in the works for a long time, and we were really excited to finally reap the fruits of Ashton and David’s hard work by placing ourselves under the corporate umbrella of the Sheikh Saeed bin Ahmed al Maktoum private office while doing business development activities in Dubai.

This also led to us joining the Government Blockchain Association (GBA), Australian Digital Commerce Association (ADCA) and World Blockchain Innovation Association (WBIA) in recent weeks. By partnering with and partaking in the activities of these associations we can help shape the regulatory frameworks around the UAE and Australia, and we have been able to place Fantom within a strong network of high profile Blockchain experts and regulators which will help us navigate the landscape over the coming period. It has also allowed us to find more synergies in the corporate world, as our collective networks have grown significantly throughout this endeavour.

Announcing our Stable Coin Platform, Introducing TxFlow, and decrypting our multi-mainnet concept.

If you think that the last few weeks have been great for our Innovation Labs and our bizdev, then you’re probably going to be even more flabbergasted by our technical developments. To kick it off, we’ve introduced our new protocol for responsitivity, TxFlow. TxFlow can run concurrently to any consensus mechanism to push blockchain usability and sufficient UX to the next level, and it will also play a role in the new stable coin platform we recently announced, Fantom Statheros.

Statheros is a new stable coin issuance platform we’ve built, by using Fantom’s plug-and-play consensus mechanism and building on top of the Cosmos stack with it. It’s a toolset that allows the issuance, transfer and trade of stable coins and one that allows you to mint 1:1 backed fiat currencies into KYC/AML approved wallets. The tech stack includes default audit reporting and disclosure.

Another topic we elaborated on is our usage of multiple deployments of the same code base, essentially deploying multiple mainnets which are all powered by the FTM token. We proposed a future wherein each mainnet revolves around its own product, with its own business vertical, essentially being a stand-alone Dapp. We propose a fluid system with dynamic participation where validators can join and leave, wherein multiple mainnets compete with their staking rewards pool to draw in quality validator nodes to ensure network security. It’s a concept which I will not go in-depth about in this recap, as I can imagine it’s a much better read coming from our resident technical advisor, Andre Cronje.

Check out Fantom Archive: Decrypting the Fantom Mainnets down below!

https://medium.com/fantomfoundation/fantom-archive-decrypting-the-fantom-mainnets-f3616a7d84e5

Appointing our Director of Business Development and Listings, and listing on Probit.

As you all may you know, we recently had a pretty crazy spree of consecutive exchange listings which seemed never-ending at the time. We believe that such an amazing chain of events warranted a promotion for one of our key players whom expedited the process for our listing on OKEx, OKEx Korea, and Bittrex International. I would like to remind everyone once again that we have an all-star on our team in the form of Bariq Sekandari, and we’re excited to move onwards together with him!

On a side note, we also listed on Probit recently, which has accelerated our entry into the Korean market. Aside from our listing on Probit, Coinzest, Coinfinit, OKEx Korea, and much more, we’ve also been onboarding a multitude of Korean marketing specialists and business developers. We’re looking to build out our Korean presence over the coming months, as we push Fantom to a bigger audience.