Open-source advocates launch OP Stack testnet to fund public goods
Cointelegraph
Published Jul 07, 2023 05:00PM ET
Updated Jul 09, 2023 08:00PM ET
Layer-2 blockchain Public Goods Network launched a testnet on July 7, promising to spend “the vast majority of net sequencer fees” on public goods instead of paying them out to the development team or tokenholders, according to an announcement from the network’s developers. In economics, a “public good” is a good that cannot be produced for profit because it is difficult to exclude non-payers from its consumption.
The new network was developed by the same team that created Gitcoin, a project that seeks to raise funds for open-source projects. Public Goods Network is being built using the OP Stack, meaning that it can become part of the proposed “Superchain” that will include Optimism and Base networks.
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Written By: Cointelegraph
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