Optimism: RetroPGF will allocate 10 million OP tokens at the beginning of the second round of voting
On March 10, Optimism, the Ethereum L2 network, announced on social media that the second round of retroactive public product fundraising (RetroPGF 2) voting has begun. RetroPGF 2 will allocate 10 million OP tokens to fund public products that support the development and use of the OP Stack open source code base. The projects that have been named will be divided into three categories, including infrastructure, tools and utilities, and transactions. Optimism also launched the RetroPGF 2 Discovery page, which allows users to learn more about this round of nomination projects. Retrospective public product funds are the key to the development of Optimism ecosystem and super chain. Optimism will be built into a global infrastructure by investing in public products that can be regarded as community power. The second round of voting will be held by 71 community badge holders in the next two weeks. Winners will be announced at the end of March after voting.
Interpretation of this information:
The Ethereum L2 network, Optimism, has announced the commencement of the second round of retroactive public product fundraising (RetroPGF 2). The funding will allocate 10 million OP tokens to support public products that will aid in the development and use of the OP Stack open source code base. The nominated projects will be segmented into three categories, infrastructure, tools and utilities, and transactions. Optimism also launched the RetroPGF 2 Discovery page that provides users with relevant information on this round of nomination projects.
The significance of retrospective public product funds cannot be understated as they are vital to the development of the Optimism ecosystem and super chain. These funds will help in building Optimism into a global infrastructure by financing public products that can contribute to the community’s growth. The second round of voting will be underpinned by 71 community badge holders in the next two weeks. The winners of the voting will be announced at the end of March.
Overall, the announcement of RetroPGF 2 represents a significant milestone in the development of the Optimism ecosystem. By allocating funds towards development, the project aims to incorporate infrastructure, tools and utilities, and transactions into their system. Additionally, the second round of fundraising helps to encourage community participation, supporting the growth and development of the entire network.
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