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In the final minutes of the auction, placed a 200ETH bid on the memo, sealing their ownership over a piece of Internet history and making a statement about the importance of public goods funding. (3/n)
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Replying to @roelofbotha @sequoia and @0xPARC
Thanks! First and foremost I believe it’s a win for the cryptocommunity and Web3 overall. Looking forward to the good stuff comming from @0xPARC !
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We'll be allocating these proceeds over the coming year via and other mechanisms, as part of a "Public Ecosystem Development Fund." These funds will be distributed to various quadratic funding matching pools, as well as to individual developers/community programs. (4/n)
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Note that these funds will not be used for 0xPARC’s internal operations--we see these funds as a gift from the community that we are charged with redistributing over the wider ecosystem. (5/n)
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In Q1 of 2022, we will be distributing about 25% of the total funds to a handful of programs, including: (6/n)
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1) The Gitcoin GR13 ZKTech Pool. We are partnering with to administer the ZKTech side round, and contributing $75k to the matching pool from the Development Fund. More info on this side round soon! (7/n)
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The ZK Tech round returns w/ the biggest pool of GR13: $275k!🤑 Thanks to: @zkvalidator @0xPARC @AleoHQ @geometrydao @penumbrazone @aztecnetwork @scroll_zkp @anomanetwork @0xpolygon @ethereum @MinaProtocol @gnosisdao Round brief and eligibility here: docs.google.com/document/d/1xm /10
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3) Additional ecosystem and R&D project grants, including potentially a handful of specific projects in the Gitcoin ZKTech Pool. These funds will be awarded discretionarily. (9/n)
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