Q. Are there any types of projects that should be excluded from public goods funding?
A. Gaming projects are not public goods, nor all NFT projects done for-profit.
Q. What’s your motivation for donating to public goods if you do?
A. Helping new projects that show immense potential, essentially helping Polygon attain its purpose with this grant!
Q. Can you name any other interesting funding mechanisms?
A. Imagine we’re in the heart of an enchanted forest, where the trees whisper about innovation and growth. Here, we’re about to embark on a magical journey of grant-giving, with our treasure chest split into four whimsical glades: The Grove of Social Impact, The Arcade of Gaming, The Forge of Chain Infrastructure, and The Enchanted Clearing of Miscellaneous Marvels.
For each mystical realm, we shall summon (dedicated council composed of members who are specifically recruited for the duration of the grant round) a council of wise forest denizens, each a sage in their own right, chosen for their profound wisdom and intimate dance with the rhythms of their domain. These aren’t your ordinary critters, mind you, but guardians of insight, plucked from the canopy and roots for the season of granting.
Now, the cardinal rule in this forest is the ancient creed of fairness, a principle as old as the gnarled oaks. Our council members, be they wise old owls, impartial badgers, or just deer, must wear the cloak of fairness, their judgments as balanced as the ecosystems they dwell in. They must be as dispassionate as the stones, as fair as the dawn, and as unbiased as the river’s flow, ensuring their wisdom nourishes the most promising seedlings without prejudice.
In this way, our forest thrives, nurturing projects that promise to sprinkle a little more magic into the Polygon woods, ensuring the canopy grows ever higher, and the roots ever deeper, in the most harmonious and laughter-filled way possible.
Q. What is really working or not working in public goods funding?
A. Really nothing worked during the BUIDL on Polygon grant, Public Goods projects did not receive ANY focus, in fact, quite the opposite.
Q. What are the downsides of the currently dominant approach?
A. The currently dominant approach to grant rounds, while well-intentioned, has unfortunately sown seeds of discontent within the ecosystem. Picture this scenario as a once harmonious forest where the trees have begun to grow too close, their branches entangling, leading to a struggle for sunlight—a metaphor for the competitive tension that has emerged.
One of the most glaring issues is the shadow of collusion that has crept in like a thick fog, obscuring transparency and fairness. This has allowed certain projects to intertwine their roots and branches in unsavory ways, effectively monopolizing the nourishing sunlight (or funding) that was meant to be shared among the forest’s diverse flora.
This tangled growth has led to frustration and disillusionment among many of the forest’s inhabitants. Some of the vibrant projects, once hopeful saplings, are now considering transplanting themselves to different soils, where the sun shines more equitably and the rain of opportunity falls more fairly. They seek new ecosystems where their leaves can unfurl without fear of being overshadowed by the unfair advantage of others.
The bias inherent in this approach, whether real or perceived, acts like invasive species that choke out the native growth, stifling diversity and innovation. This not only hampers the vibrancy and health of the ecosystem but also undermines the very purpose of the grant round—to foster a rich, diverse, and flourishing community where every project, big or small, has the chance to grow tall and strong.
In essence, the current approach has inadvertently nurtured a forest where not all trees are given an equal chance to reach the canopy, casting long shadows over the undergrowth and compelling some to seek light in different landscapes.
Q. What do you think about giving tokens in exchange for funding public goods?
A. No. Perhaps a soulbound NFT that symbolizes participation, nothing else.
Please don’t forget - the website for Polygon Grants CLEARLY states that these grants are for Web3 Start-ups! Yet, majority of funds in round 1 are going to established projects…