Optimism Launches Second Round of Retroactive Public Product Fundraising

03/10/2023 01:51 • Tech Ticker • 146 views

On March 10, Optimism, the Ethereum L2 network, announced on social media that the second round of retroactive public product fundraising (RetroPGF 2) voting has begun. RetroPGF 2 will allocate 10 million OP tokens to fund public products that support the development and use of the OP Stack open source code base. The projects that have been named will be divided into three categories, including infrastructure, tools and utilities, and transactions. Optimism also launched the RetroPGF 2 Discovery page, which allows users to learn more about this round of nomination projects. Retrospective public product funds are the key to the development of Optimism ecosystem and super chain. Optimism will be built into a global infrastructure by investing in public products that can be regarded as community power. The second round of voting will be held by 71 community badge holders in the next two weeks. Winners will be announced at the end of March after voting.

Optimism: RetroPGF will allocate 10 million OP tokens at the beginning of the second round of voting

Analysis based on this information:

Optimism, the Ethereum L2 network, recently took to social media to announce that the second round of retroactive public product fundraising (RetroPGF 2) voting has commenced. The goal of RetroPGF 2 is to allocate 10 million OP tokens towards funding public products that support the development and use of the OP Stack open source code base.

The projects that have been named will be divided into three categories- infrastructure, tools and utilities, and transactions. Optimism has also launched the RetroPGF 2 Discovery page, where interested users can learn more about the nomination projects for this round.

Retrospective public product funds are instrumental in developing the Optimism ecosystem and super chain. By investing in public products, Optimism can build a global infrastructure empowering the community.

Only 71 community badge holders will be allowed to vote in the second round of RetroPGF 2. The announcement reflects an emphasis on transparency in the decision-making process, as the winners will be announced at the end of March.

The first RetroPGF, held in October of 2020, financed six separate projects that helped drive the development of the OP Stack platform. By continuing to allocate funds towards public projects, Optimism hopes to incentivize innovation in the Ethereum L2 network.

In conclusion, the second round of RetroPGF voting seeks to fund public products that enhance the development and use of the open source code base of the OP Stack platform. The allocation of 10 million OP tokens and division of projects into three categories emphasizes Optimism’s commitment to fostering growth and innovation across the infrastructure, tools and utilities, and transactions sectors. The emphasis on transparency in the decision-making process highlights the importance placed on community involvement in shaping the future of the platform.

This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/7225.htm

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.