Thread by @pgn_eth

🟢 Introducing: Public Goods Network— a community-led L2 ecosystem for public goods maxis.

It's time to explore durable mechanisms to generate abundant and legitimate funding for public goods. @pgn_eth is a new a digital schelling point for public goods supporters. 🧵

PGN is a L2 OP Chain, a highly composable EVM compatible rollup. The majority of net sequencer fees will go toward supporting public goods in Ethereum and beyond. We believe sustainable revenue sources for public goods are possible ⛓

With backing by @ProtocolGuild @clrfund @PublicNouns @Giveth @hypercerts @protocollabs @OctantApp @hedgeyfinance @ecoassoc and @gitcoin, the network aligns efforts and resources, freeing public goods organizations from competitive funding silos 🤝

The Public Goods Network will be a public good itself. Developers and champions can fill blockspace on PGN, fueling the objective of growing and funding public goods. No additional financial commitments required ✨

In the future, projects can receive revenue directly through sequencer fees via Contract Secured Revenue. This aligns incentives between the network and the developers building on top of it. EIP-6969 makes this possible:

https://twitter.com/0xzak/status/1655627598540550174?s=20

PGN deployment and infrastructure are ready for testing ⚒️

Comprehensive bridging, transaction view, block explorer, and core infrastructure are in place to leverage PGN's capabilities.

After six months of mainnet network launch, fees will be assessed and allocated based on cumulative impact data. Join the Network alliance to collaborate on determining the split of sequencer fees ☀️

PGN is committed to a minimum two-year experiment where partners run dApps on PGN, supporting public goods funding. We invite others to join this commitment and contribute to the growth and sustainability of public goods initiatives 🫡

Governance of the Public Goods Network rests with a trusted group of public goods maxis. By joining the alliance, projects contribute to the growth and sustainability of public goods funding.

We’ll share more @fundingcommons so check out our activations in Paris, July 15-16 💡

🟢Imagine a future where public goods funding is abundant, recurring and allocated by those aligned with our collective goal of building and funding public goods indefinitely.

🟢 Public Goods Network is the chain with purpose. Public Goods are Good. Together, we can make them great.

Join the movement and learn more at , and follow @pgn_eth to make it happen.publicgoods.network