Optimism Provides Significant Support for Blockchain Projects

Optimism, a Ethereum-based Layer-2 scaling solution, plans to distribute 850 million OP tokens, equivalent to 20% of the total token supply, to projects and individuals contributing to the development of the blockchain ecosystem. These grants will be distributed in four category rounds starting in May and continuing through 2024. Already, 40 million OP tokens have been distributed in previous rounds, with these tokens, worth $158 million, being given to beneficial projects. Token Distribution Details Optimism will carry out this distribution through a community-driven system. Projects providing funding for on-chain developers and public goods will receive tokens if deemed valuable by the community. The grant program, comprising a total of seven rounds, will reward contributors to infrastructure, governance, and development tools. The final round will be completed in November. Community-Centric Finance and Contributors Retro funding will be an important source of support for projects and individuals contributing to the blockchain ecosystem, […]

Optimism Provides Significant Support for Blockchain Projects

Optimism, a Ethereum-based Layer-2 scaling solution, plans to distribute 850 million OP tokens, equivalent to 20% of the total token supply, to projects and individuals contributing to the development of the blockchain ecosystem. These grants will be distributed in four category rounds starting in May and continuing through 2024. Already, 40 million OP tokens have been distributed in previous rounds, with these tokens, worth $158 million, being given to beneficial projects.

Token Distribution Details

Optimism will carry out this distribution through a community-driven system. Projects providing funding for on-chain developers and public goods will receive tokens if deemed valuable by the community. The grant program, comprising a total of seven rounds, will reward contributors to infrastructure, governance, and development tools. The final round will be completed in November.

Community-Centric Finance and Contributors

Retro funding will be an important source of support for projects and individuals contributing to the blockchain ecosystem, who often do not have access to funding sources such as venture capital. This funding aims to reward individuals contributing to public goods projects or blockchain communities.

In the previous funding round, OP tokens were distributed to a variety of different projects, including data collectors, token revocation tools, and blockchain researchers. This distribution influenced many, including Ethereum co-founder Vitalik Buterin, who expressed hope for similar projects to emerge in the future.

Optimism’s move will provide significant funding to individuals and projects supporting blockchain development, contributing to the growth of the ecosystem.

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