{"id":228350,"date":"2024-01-12T17:55:08","date_gmt":"2024-01-12T12:25:08","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=228350"},"modified":"2024-01-12T17:55:08","modified_gmt":"2024-01-12T12:25:08","slug":"vitalik-buterin-hails-optimism-after-100-funding-to-developers-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/vitalik-buterin-hails-optimism-after-100-funding-to-developers-crypto-news\/","title":{"rendered":"Vitalik Buterin Hails Optimism After $100 Funding To Developers – Crypto News"},"content":{"rendered":"

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Ethereum<\/a> co-founder Vitalik Buterin on Thursday gave a big shout-out to Optimism, a Layer-2 blockchain network built atop Ethereum, for its continuous efforts to fund public goods. Buterin took to X (formerly X) and said he was \u201cimpressed\u201d by Optimism\u2019s dedication to aiding developers and contributors despite not having a conventional business model.<\/p>\n

The comments came after Optimism\u2019s Retroactive Public Foods Funding (RetroPGF) initiative dished out<\/a> 30 million OP tokens in Round 3, valued at over $100 million, for developers and contributors in recognition of their role in building public goods underpinning the Optimism Collective<\/a>.<\/p>\n

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Optimism Recognizes Developers\u2019 Efforts, Doles Out $100 Million<\/h2>\n

As many as 501 individuals across the Optimism ecosystem received the handout. They were judged across four different parameters\u2014OP Stack, Collective Governance, Developer Ecosystem, and End User Experience and Adoption. The reward recipients included writers, creators, educators, and contributors.<\/p>\n

RetroPGF is emerging as an alternative funding source for public goods creators, who often fail to raise capital from traditional channels. It ensures the availability of necessary core tools and infrastructure, enabling smooth blockchain<\/a> operations. In the previous two rounds, Optimism\u2019s RetroPGF initiative had distributed over $10 million to developers and contributors.<\/p>\n

How Did the Market React To Vitalik Buterin\u2019s Comments?<\/h3>\n

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While Optimism garnered praise from Buterin for assisting developers, and in turn, boosting the Ethereum ecosystem, his comments failed to revive interest in the Optimism token.<\/p>\n

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At press time, OP price stood at $3.87, down 0.7% over the last seven hours. Meanwhile, trading volumes over the last 24 hours fell over 36% to $488.3 million, indicating diminishing retail interest in the cryptocurrency. However, the token has rallied over 12% in the past seven days and is up a whopping 67% from a month ago.<\/p>\n

In sharp contrast to this, Ethereum \u2014 the second largest crypto \u2014 has witnessed a dramatic rise in its prices after the US SEC allowed spot exchange-traded funds tracking Bitcoin. ETH prices<\/a> have surged over 17% in the last seven days, according to data from CoinGecko.<\/p>\n

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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Ethereum co-founder Vitalik Buterin on Thursday gave a big shout-out to Optimism, a Layer-2 blockchain network built atop Ethereum, for its continuous efforts to fund public goods. Buterin took to X (formerly X) and said he was \u201cimpressed\u201d by Optimism\u2019s dedication to aiding developers and contributors despite not having a conventional business model. The comments […]<\/p>\n","protected":false},"author":2,"featured_media":228351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-228350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/228350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=228350"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/228350\/revisions"}],"predecessor-version":[{"id":228353,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/228350\/revisions\/228353"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/228351"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=228350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=228350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=228350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}