Web3 Perspectives: Beyond Grants and Tokens: Redefining Sustainable Funding Models for OSS in Web3
Description
In this episode of Web3 Innovators Perspectives we delve into the transformation of funding models in the Web3 space. Uncover the challenges of sustaining grant-funded projects, explore the dichotomy between open-source ideals and commercial viability, and discover innovative approaches like impact staking and dApp staking.
Key Highlights:
Web3 vs Traditional Funding:
- Trust-based funding in Web3
- Open-source culture reducing administrative burdens
- Balancing open-source goals with commercial sustainability
A New Approach:
- Leveraging staking rewards for ongoing support
- Impact Staking on Ethereum and dApp Staking on Astar Network
- Voluntary taxation as a sustainable funding mechanism
Redefining Funding in Web3:
- Ethereum's transition to proof of stake and staking rewards
- Channeling staking rewards into open-source projects
- Strengthening the Ethereum community through sustainable funding
From the challenges of sustaining projects to the potential of voluntary taxation through staking rewards, we've uncovered the evolving landscape of funding in the decentralized era.
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