Do Kwon roots for a ‘stronger’ Terra comeback despite…
Despite facing the music over the Terra fiasco, Do Kwon seems to be quite optimistic about the future. The CEO of Terraform Labs recently expressed “great confidence” in rebuilding the empire that crashed last month.
Notwithstanding the crypto-market’s recent bearish trajectory. Despite running into trouble with furious investors in loss and multiple government investigations, Do Kwon recently told The Wall Street Journal,“I have great confidence in our ability to build back even stronger than we once were.”After the collapse of LUNA and its stablecoin TerraUSD (UST), the blockchain was given a new form in a rebirth proposal supported by 65.5% of votes.
Passed in late May, the proposal led the way for a new blockchain called Terra, while the old version was renamed Terra Classic.
In fact, according to Kwon, a multitude of developers are now working to relaunch apps on the new chain.A full-fledged recovery plan, however, failed to ward off all the problems.
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