gm Good Contributors! 👋🏼
When I first entered the world of DAOs, Kevin Owocki immediately caught my attention. His unique appearance, name, or perhaps his exceptional skill made him stand out.
What truly distinguishes Kevin is his dedicated effort to improve the development and dissemination of public goods through the power of DAOs.
Let's take a closer look at his approach.
DAOs Market Brief
💊 Who is Kevin Owocki?
Kevin Owocki is a blockchain expert, computer scientist, and co-founder of Gitcoin. He is also the founder and CEO of WEST Software Services Inc.
Kevin has spent 15 years in the world of web2, working in engineering leadership serving as a CTO and founder for open source software and web startups.
Kevin co-founded Gitcoin in 2017 where his vision of a positive-sum ecosystem supported by public goods helped raise and distribute over $50 million to projects in the ecosystem.
He hosts a podcast at GreenPill.network, a network-society of thousands of hackers, dreamers, and DAOers focused on using crypto to bring positive digital systems to the world.
Kevin is active on Twitter, where he shares his thoughts on funding ecosystems' public goods.
He also authored the book “Green Pilled. How Crypto Can Regenerate The World.”
In summary, Kevin is a DAO cartographer and one of the standout figures on “The Good Contributors” twitter list.
💸 Let's talk about Public Goods.
Public goods are goods that are non-excludable (hard to prevent people from using) and non-rivalrous (one person's use doesn't affect others').
In DAOs, public goods are shared resources like open-source software, forums, education, and infrastructure that all members can use without limits.
In each web3 community, there are two important questions about funding public goods:
How can we gather money to support public goods?
How can we fairly distribute this funding?
DAOs can use various funding sources and distribution methods within one community. This approach is already happening in the Ethereum community, with projects like:
However, there are some challenges and areas for improvement:
Better measuring the impact of funding.
Encouraging collaboration among projects and setting common standards.
Ensuring long-term sustainability of public goods funding.
As these funding methods expand, they can have a broader impact beyond the crypto world, potentially playing a significant role in shaping society's future in the 21st century.
In this thread, Owocki explains it better than me.
🟩 Not everything is “greensy”
Last week, Gitcoin Gaffe Sees $500,000 in GTC Tokens Lost Forever.
In addition to that, Vitalik recently acknowledged his concerns regarding staking pools adopting DAOs.
🤖 Vitalik vs Chat GPT
Kevin interviewed Vitalik, who responded to the same questions as I posed to ChatGPT. Whom do you trust more: Vitalik or ChatGPT?
Q: What is the public goods funding ecosystem missing? what is it getting right?
The public goods funding ecosystem needs more consistent funding and transparency in allocation. However, it succeeds in promoting collaboration, raising awareness, and supporting community-driven initiatives.
Q: What do you think the highest leverage points are for the average builder to support the public goods movement?
1) Financial contributions to open-source projects and nonprofits
2) Volunteering time and expertise
3) Advocating for public goods' importance
4) Collaborating with like-minded communities
5) Encouraging policymakers to prioritize and fund public goods initiatives.
Q: How would the world change because Ethereum has gotten so good at funding its public goods?
The world would change significantly as Ethereum's effective public goods funding could lead to enhanced technological innovation, greater financial inclusion, and improved access to decentralized services. This might foster economic growth, reduce inequality, and promote global collaboration on blockchain-based solutions, ultimately reshaping industries and empowering individuals worldwide.
Q: Is there anything else within impact tracking and smarter mechanisms that you're excited about?
Within impact tracking and smarter mechanisms, I'm excited about the potential for increased transparency, accountability, and efficiency. Innovations like blockchain-based auditing, DAOs, and real-time data analytics can enhance our ability to monitor and optimize the impact of initiatives, fostering greater trust and effectiveness in philanthropy and public goods funding.
In this thread you can check what Vitalik answered.
✅ DAO to Check
Cult DAO uses the CULT token to fund decentralized projects.
It has "Guardians" who propose initiatives and "The Many" who approve them.
CULT is burned in proposals, promoting long-term holding.
The DAO is community-run, supporting any crypto community and promoting decentralization.
In summary, CULT DAO invites collaboration and aims to challenge existing systems for a better world!
🗞️ DAOs News
"Ape Coin DAO-Wide Voting Enabled for Working Group Stewards"
"Enhancing Aave DAO's Liquidity Incentive Strategy on Balancer"
"Controversy Surrounds JPEX's Asset Lock-Up Program Amid DAO Transition"
"How to Use a Jokerace to Superpower Your DAO on the Aragon App"
"Hong Kong Crypto Exchange JPEX Launches DAO Stakeholder Dividend Plan Amid Scandal and Arrests"
"Lybra Finance Token Migration Row Triggers DAO Vote with $1.8M on the Line"
"John Dao: A DAO-Controlled X Account Where You Get Paid to Come Up with Tweets"
👀 Visualize
This week, I'd like to recommend you one podcast and one presentation:
Owocki highlights the importance of coordination in the Ethereum ecosystem.
Shawn Grubb and Evan Powell discuss how Gitcoin found its mission.