Optimism's RetroPGF Round 3 Distributes Over $100 Million in Public Goods Funding

In a recent development, Optimism's RetroPGF Round 3 has successfully allocated over $100 million, distributing 30 million OP (Optimism tokens) to 501 contributors. Ethereum Co-Founder Vitalik Buterin took to Twitter to commend Optimism for its ongoing dedication to funding public goods, particularly highlighting its role in supporting developers and contributors who may lack a conventional business model.

Optimism's RetroPGF initiative serves as an economic catalyst, fostering a positive impact within the Optimism Collective. By channeling resources to contributors involved in building public goods, RetroPGF ensures sustained support for essential tools and infrastructure crucial for blockchain operations and the growth of ecosystems.

The recipients of the RetroPGF Round 3 rewards span a diverse range of roles, including builders, writers, creators, educators, and contributors across the Optimism ecosystem. Acknowledging their significant impact, the contributors were recognized in four key categories: OP Stack, Collective Governance, Developer Ecosystem, and End User Experience and Adoption.

While Vitalik Buterin praised Optimism's initiative, the market response to Optimism's native token, OP, saw a slight dip of 0.7% in the last 24 hours. However, the token demonstrated resilience with a 7.2% increase over the past week and an impressive 69.7% surge in the last 30 days, as reported by CoinGecko.

It's worth noting that Ethereum, in general, has experienced a bullish trend, with a notable 15.6% increase in the last seven days. This surge has been attributed to the recent approval of Bitcoin ETF applications in the United States.

For a detailed list of awardees and their respective contributions, Optimism's platform provides comprehensive information on RetroPGF Round 3 recipients.