09-15, 10:30–10:55 (Europe/Berlin), Atelier - Side Stage
In this talk I want to share about Retroactive Public Goods Funding, what we learned in running 2 rounds of RetroPGF at Optimism, and what's next on our journey to summon Ether's Phoenix 🕊️
Cyberspace today suffers from a monumental market failure because its economic ruleset was built for the physical world. Public Goods are core to the growth of cyberspace but our current markets are unable to nurture that growth. Web3 presents an opportunity for cyberspace to only be occupied but governed by its citizens and reinvent how we organize and fund public goods in this digital age
Optimism is experimenting with a new economic mechanism called Retroactive Public Goods Funding, in which citizens reward the creation and maintenance of public goods proportional to how much impact these public goods provide to the collective.
In March ‘23, we concluded our second RetroPGF experiment, where 69 Badgeholders allocated 10M OP among 195 Projects. We learned a bunch. We're on to the next experiment with exciting new improvements. One step closer to Ethers Phoenix
<tags>Ethereum</tags>
RetroPGF lead @ Optimism Foundation
On a journey to summon Ether's Phoenix with a bunch of Optimists.