- Funding public base layer blockchains poses many trade-offs between governance and sustainability
- This week saw some significant developments with proposals from the Ethereum community for inflation-driven developer funding and Jack Dorsey calling for Square support of Bitcoin developers
- Savvy crypto-native investors are looking for distressed opportunities in the cryptocurrency bear market
Money Don’t Grow On Trees
Two major developments this week hit on concerns vexing cryptocurrency designers since the beginning: what are sustainable ways to fund public blockchains? The conversation was advanced in part by ERC 1789, a proposal from Gitcoin co-founder Kevin Owocki to fund Ethereum development directly through inflation funding.