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Optimism Propels Crypto Public Goods Funding With Third RetroPGF Round (The Merkle)

Optimism, a community-owned ecosystem, aims to address coordination failures and reshape value distribution by rewarding positive impact through participation, collaboration, and collective ownership—areas where traditional systems often fall short.

In a significant move, Optimism recently unveiled the third round of its RetroPGF incentive program, allocating 30 million OP tokens (equivalent to 116 million USD) to 501 projects contributing to the ecosystem. 

This diverse group includes builders, writers, creators, and educators from across the Optimism community. Notably, RetroPGF stands out as the largest public goods funding experiment in the crypto space, underlining Optimism’s commitment to fostering positive contributions.

BOOM! @Optimism’s RPGF3 results are in.

30M OP was granted to contributors building the public goods that power the Optimism Collective.

501 builders, writers, creators, educators from across the ecosystem.

The strength of a community building together! 🔴💪🏼🔨

— Ryan Wyatt (@Fwiz) January 11, 2024

Vitalik Expresses Faith On Optimism, Highlighting The Distribution

Vitalik Buterin, Ethereum’s Founder, expressed satisfaction with the initiative, highlighting the distribution of over $100 million in Optimism RetroPGF round 3. He commended Optimism’s ongoing dedication to funding public goods, providing support for developers and contributors who may lack a conventional business model. 

Buterin also expressed hope for an increased number of projects conducting QF (Quadratic Funding) and RPGF (Retroactive Public Goods Funding) rounds in the future.

Over $100m distributed in @Optimism RetroPGF round 3.

Really impressed to see their ongoing commitment to funding public goods, helping devs and others contribute to Ethereum even if they lack a business model.

Hope to see more projects doing QF and RPGF rounds in the future!

— vitalik.eth (@VitalikButerin) January 11, 2024

Even amid a late bearish trend in the crypto market on Friday, Optimism demonstrated resilience with a notable 9% gain. The ecosystem’s native token, currently trading at $4.05, reflects optimism and positive momentum despite market uncertainties. 

The success of the RetroPGF program further establishes Optimism as a driving force in the crypto community, emphasizing the importance of collective efforts and rewarding impactful contributions to the ecosystem.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: andranik2018/123RF // Image Effects by Colorcinch

The post Optimism Propels Crypto Public Goods Funding With Third RetroPGF Round appeared first on The Merkle News.

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