Optimism Beats! $100 Million Is Dedicated To The Developers

Vitalik Buterin created a huge difference with his latent ideology to fund $100 million to the developers, which seems to be a turner. 

The co-founder of Ethereum, Vitalik Buterin, has lately been seen hounding the headlines with optimism. Layer 2 of the blockchain network, which is typically built on Ethereum, is frequently putting efforts into providing financial aid to the public good. The co-founder took to the Twitter handle and jotted down, saying he was “impressed” by Optimism’s dedication to aiding developers and contributors despite not having a conventional business.

$100 million Valued by Three Rounds!

Thereafter, comments gushed after Optimism’s Retroactive Public Foods Funding (RetroPGF) after the initiation dished out 30 million OP tokens in the 3 round, which was valued at more than $100 million for both the contributors and the developers in enhancing the public goods footing the collective optimism.  

The collective optimism enables the developers to recognize that efforts were put out in $100 million. About 501 individuals around the four primary parameters are Collective Governance, End User Experience and Adoption, OP Stack, and Developer Ecosystem. Reward recipients consist of creators, writers, educators, and contributors.  

Developers’ Finest Resort!

In today’s time, one of the crucial alternatives in funding is the RetroPGF for the public goods creators who don’t achieve the findings through traditional means. In the last two rounds, Optimism’s RetroPGF had distributed about $10 million to the contributors as well as developers. 

Market’s Respons

The optimism has collectively got a positive response from the developers. And, of course, the co-founder Vitalik Buterin was showered with immense praise from all corners for assisting at his end, who has indeed fostered the Ethereum ecosystem. 

Besides the praises, Ethereum enjoyed an extreme hike in prices after the US SEC enabled the spot exchange-traded funds. Moreover, the ETH prices have overflowed with more than 17% in the last week.