Optimism is allocating $3.3 billion in OP tokens for grants to support the builders within its community. The Ethereum layer-2 scaling solution announced this substantial fund allocation as part of its ongoing commitment to nurturing projects and contributors within its blockchain network.
The Optimism Collective, responsible for governance and community initiatives, disclosed the allocation of 850 million OP tokens. This fund represents 20% of the initial supply of OP tokens and is designated for various rounds of funding through 2024.
Starting in May, the initiative will kick off its fourth round, focusing on retroactive public goods funding (RPGF). This approach rewards projects post-delivery, ensuring contributions of tangible value to the Optimism ecosystem.
Encouraging Public Goods and Infrastructure Development
Future rounds will extend grants to infrastructure, governance, and development tool contributors, emphasizing the broad eligibility criteria. This inclusive strategy aims to attract diverse talent and projects, enhancing Optimism’s infrastructure and governance mechanisms.
Notably, this funding model has received commendation from Ethereum co-founder Vitalik Buterin, who expressed optimism for its potential influence on future blockchain funding methodologies.
The initiative underscores Optimism’s dedication to advancing public goods and infrastructure within its ecosystem. By financially supporting a wide array of projects, Optimism aims to set a precedent for funding models in the broader blockchain community.Â
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