Web3 Perspectives: Beyond Grants and Tokens: Redefining Sustainable Funding Models for OSS in Web3 Artwork

Web3 Innovators

In Web3 Innovators, Conor Svensson, founder of Web3 Labs speaks to those folk changing the face of finance and other industries with web3 and blockchain technologies. Each week he speaks to a new guest who shares insights from their own journey with web3, giving you the chance to learn about challenges they’ve faced along the way, and how it's impacting their industry right now and will in the future.

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Web3 Innovators

Web3 Perspectives: Beyond Grants and Tokens: Redefining Sustainable Funding Models for OSS in Web3

January 02, 2024 • Conor Svensson • Season 8 • Episode 8

In this episode of Web3 Innovators Perspectives we delve into the transformation of funding models in the Web3 space. Uncover the challenges of sustaining grant-funded projects, explore the dichotomy between open-source ideals and commercial viability, and discover innovative approaches like impact staking and dApp staking.

Key Highlights:

Web3 vs Traditional Funding:

Trust-based funding in Web3
Open-source culture reducing administrative burdens
Balancing open-source goals with commercial sustainability

A New Approach:

Leveraging staking rewards for ongoing support
Impact Staking on Ethereum and dApp Staking on Astar Network
Voluntary taxation as a sustainable funding mechanism

Redefining Funding in Web3:

Ethereum's transition to proof of stake and staking rewards
Channeling staking rewards into open-source projects
Strengthening the Ethereum community through sustainable funding

From the challenges of sustaining projects to the potential of voluntary taxation through staking rewards, we've uncovered the evolving landscape of funding in the decentralized era.

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