Ethereum

Boost

Optimism

Collective

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Over $100 million has been <a href="https://twitter.com/VitalikButerin/status/1745514958442361174">distributed</a> in the third round of Optimism's Retroactive Public Goods Funding (RetroPGF).&nbsp;
In a recent post on the X social media platform, Ethereum founder Vitalik Buterin expressed his admiration for Optimism's ongoing dedication to funding public goods.&nbsp;
This initiative is particularly significant as it supports developers and other contributors to the Ethereum ecosystem who may lack a traditional business model.
<h2 id="how-it-works">How it works&nbsp;</h2>
Optimism's RetroPGF has been described as an economic flywheel that propels the Optimism Collective forward.&nbsp;
It functions by rewarding individuals and projects that build essential infrastructure, tooling, and content, thus enabling the ecosystem to flourish.&nbsp;
This round of funding has acknowledged 501 projects and individuals for their positive impact on the Collective.&nbsp;
The initiative shows the value of community-driven development in the cryptocurrency world, where projects are often collaboratively built and maintained.
<h2 id="a-diverse-range-of-projects">A diverse range of projects&nbsp;</h2>
The beneficiaries of this round of funding include both well-established names in the Optimism Collective and newcomers who are contributing to the future of the ecosystem.&nbsp;
In total, 643 projects have received awards across the three rounds of RetroPGF. This demonstrates a commitment to building a self-sustaining economic system that consistently rewards contributors.&nbsp;
The process involves significant community participation. This includes badgeholders who vote on the allocation of awards, and teams dedicated to building the public goods infrastructure.&nbsp;
<a href="https://u.today/optimism-op-welcomes-usdc-stablecoin-on-mainnet">Optimism</a> has also announced that more rounds are planned for 2024, signaling continued support for this experimental and iterative process.

Vitalik Buterin Commends $100M Boost to Ethereum Ecosystem

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