The Art of Funding Crypto’s Public Goods

Public blockchains are intrinsically tied to public goods: the open-source code upon which these networks are built is a public good. Early successes demonstrated the social benefits that crypto applications, protocols, and middleware can deliver to the community, but many of these goods and services lack a clear business model to sustain their existence. Further, decentralized networks fail to natively enforce the funding and development of these public goods. Given that public goods are critical to the long-term success of the crypto industry, how can they be incentivized and sustainably funded over time?

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