More than 100 million dollars have been invested distributed in Optimism’s third round of Retroactive Public Goods Financing (RetroPGF).
More than 100 million dollars have been invested distributed in Optimism’s third round of Retroactive Public Goods Financing (RetroPGF).
In a recent post on social media platform X, Ethereum founder Vitalik Buterin expressed his admiration for Optimism’s continued dedication to funding public goods.
This initiative is particularly important as it supports developers and other contributors to the Ethereum ecosystem who may lack a traditional business model.
How does it work
Optimism’s RetroPGF has been described as an economic flywheel that propels the Optimism Collective forward.
It works by rewarding people and projects that build essential infrastructure, tools and content, thus allowing the ecosystem to flourish.
This round of funding has recognized 501 projects and individuals for their positive impact on the Collective.
The initiative shows the value of community-driven development in the world of cryptocurrencies, where projects are often built and maintained collaboratively.
A diverse range of projects.
Recipients of this funding round include both well-established names in Optimism Collective and newcomers who are contributing to the future of the ecosystem.
In total, 643 projects have received awards in the three rounds of RetroPGF. This demonstrates a commitment to building a self-sustaining economic system that consistently rewards taxpayers.
The process involves significant community participation. This includes credential holders who vote on award allocation and teams dedicated to building public goods infrastructure.
Optimism has also announced that further rounds are planned for 2024, indicating continued support for this experimental and iterative process.
