Optimism will allocate more than $3 billion to fund its blockchain builders
The Ethereum Layer 2 expansion network Optimism will reserve $3.3 billion worth of Optimism (OP) tokens for its community to award projects or individuals who are deemed to have made significant contributions to the blockchain ecosystem.
On March 26, the governance and community department of the chain, Optimism Collective, announced that a portion of the 850 million OP tokens will be distributed in four rounds starting from May and continuing until the end of 2024. 40 million OP tokens, worth approximately $158 million, have already been allocated in the past three rounds.
Blockchain developers will launch the fourth round of Optimism's Retroactive Public Goods Funding (RPGF). The community will vote to decide which projects will receive tokens based on the value demonstrated by the project.
Rounds five to seven will reward contributors to infrastructure, governance, and development tools, and anyone who contributes to improving Optimism is eligible for these funds. The final round will end in mid-November.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Large Holders Accumulate 110,000 ETH as Price Drops Below $2,200
SEC Rules Meme Coins Not Securities, Exempts From Federal Oversight
RedStone (RED): The Key to Reliable, Scalable Data in the Web3 World

Gotbit Founder Extradited to US Over Crypto Market Manipulation

Trending news
MoreCrypto prices
More








