Fractal: Secure and Responsible.
Securing on-chain assets and identities through zero-knowledge cryptography
The upcoming market for on-chain products and services promises to be one of the most dynamic that we have seen in years. The recent build cycle has created a robust menu of infrastructure solutions that are already improving experience and adoption. And it has only just begun.
It is with great excitement that we announce a reorganization and renewal of the FRA token.
Welcome to Fractal
I welcome you to the Fractal Network, where your assets are secured.
There are many reasons why this change was needed. Everything from streamlining production, reducing costs and exposure, and positioning our suite of products in the upcoming competitive market was debated when we were identifying how Fractal would be different. To that end, I issued a two-pronged challenge to guide our efforts: Be Secure. Be Responsible.
Fractal will be the home of Secure DeFi (more on that in a later post). Individuals and companies looking to tokenize their Real World Assets will find our solutions to provide them with what they have come to expect from more traditional partners (also a topic for a later post). On-chain denizens will have granular control of their identity and their reputation and be capable of wielding influence based on these factors. Finally, Fractal aims to build a truly multi-layer ecosystem where the FRA token can be deployed meaningfully into each layer of the blockchain stack, from the growing layer 2 ecosystems to the network of EVM-compatible chains and even including upcoming developments on Bitcoin.
Fundamentally, FRA is about to be everywhere.
A New Operating Model
There will be some changes, however.
During early planning meetings, we were able to shine a stark light on some fundamentally dangerous occurrences. Contributing members of the project were receiving death threats. Some were targets of hacks. Others were harassed incessantly over issues they had no control over nor — honestly — any information on. These individuals were attacked by simply being open about contributing to the Findora project. This I cannot abide.
Therefore, going forward, I will keep my team members safe and secure using the same principles that we use to secure DeFi and RWA tokens. Namely, by default, all contributors to the Fractal Project will be private and anonymous. Individuals who wish to go public are fully permitted to and, actually, are encouraged to do so.
Additionally, Fractal will expand its engineering resources, bringing on short-term developers, contractors, and targeted engineers to assist with time-sensitive issues and integrate new technology and products that our in-house team may not have the bandwidth to address. While we remain committed to an open-source mentality, as we build for institutional involvement, it would be foolhardy not to line up vendors with specific SLA guarantees and follow other best practices from the B2B world.
While institutions are a component of our strategic roadmap, individuals who hold FRA will see their options for use dramatically increase. We intend to push multiple products out quickly over the next few months. However, most of these products will be released in beta as we build our momentum and refine how our assumptions match up against the users’ desires.
The immediate future is very bright. With new contributors and new resources, Fractal will be growing by leaps and bounds. Watch this space carefully — and come find us at upcoming events — because this is not something you will want to miss.
