I asked someone the other day why he was building in crypto. His response:"To make a lot of money. Why else?" Jaded. I used to brush those people off to the side thinkingat Consensus 2024 about public goods funding, a tiny niche of crypto that I had dedicated the majority of my Web3 career to pursuing. I knew so much about this topic and was eager to share it with the world. But as I started writing it all down on paper, it all felt too intangible.
In my opinion, this was a crazy-successful experiment. Each round was run like a scientific experiment, with hypotheses and control variables, so that they get better and better at accurately assessing and rewarding impact every time. Soon after, other blockchain ecosystems followed suit, such as We are building technology that has the potential to completely revolutionize how capital flows through society and how power and money is concentrated. While right now, blockchain-based funding mechanisms are still in their infancy, as the industry matures, we will begin to see ecosystems rivaling the size of nation-states, rally incentives and allocate capital towards areas that need it most.
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