Vitalik Buterin has made a major shift in his latent ideology to give developers $100 million, which appears to be a turning point.
Ethereum co-founder Vitalik Buterin has been making headlines lately for his optimism. Layer 2 of blockchain networks, typically built on top of Ethereum, frequently strive to provide financial support for the public good. The co-founder took to his Twitter handle and wrote: He was “impressed” with Optimism’s commitment to supporting developers and contributors despite not having a traditional business.
Valuation of $100 million in 3 rounds of valuation!
Comments then poured in after Optimism’s Retroactive Public Foods Funding (RetroPGF) offered 30 million OP tokens in the third round. This is worth over $100 million to contributors and developers alike in strengthening collective-based public goods. optimism.
Collective optimism allows developers to recognize that their efforts have reached $100 million. Around 501 individuals are participating around four key parameters: collective governance, end-user experience and adoption, OP stack, and developer ecosystem. Reward recipients include creators, writers, educators, and contributors.
Developers’ highest-end resort!
One important alternative to financing today is RetroPGF for public goods creators who do not achieve results through traditional means. Over the past two rounds, Optimism’s RetroPGF has distributed approximately $10 million to contributors and developers.
market reaction
Optimism has received an overall positive response from developers. And of course his co-founder, Vitalik Buterin, has actually received massive praise everywhere for helping on his side in fostering the Ethereum ecosystem.
In addition to praise, Ethereum has seen its price rise extremely since the U.S. SEC activated a spot exchange-traded fund. Moreover, the price of ETH has surged more than 17% in the past week.