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GG19 <> Public Goods Network AMA
Recorded: Nov. 9, 2023 Duration: 1:08:40Space Recording
Full Transcription
and transact and communicate and do all of the on-chain things that we like to do
much more quickly and affordably than an L1 would. It is, as I mentioned, an optimistic roll-up
on the bedrock OP stack. And for those people that don't necessarily know what that means,
really the key thing here is that we are part of something that is slowly growing
called the super chain. And so all OP stack networks that have launched are part of or can
be part of this super chain. And what that means is basically that there's great compatibility and
interoperability between the L2s. And so if you look technically, there's a lot of similarities
between Optimism, Zora, BASE, PGN, and others out there. I have a lot of thoughts and I shared some
of them yesterday on sort of what an L2 future looks like. But what sets the public goods network
apart and why this was an experiment that was launched by Gitcoin and other public goods
organizations is that this network, unlike others out there, is specifically founded to fund public
goods and gets at this question basically of where sustainable, durable, bountiful funds might come
from to fund public goods. And so this was basically sort of technically the time had come to answer this
question through building an L2. And so PGN was launched as an experiment, again, by Gitcoin and
other public goods organizations. And we have been running it since, again, with the aim of A, being a
place where people can transact and engage on chain affordably and efficiently, but also know that simply
by engaging and activating on chain, you're driving funds via your sequencer fees back to public goods.
So I think that, and we'll get into this, but I think that one of the things that really interested me
to come and help build and launch was this model that satisfied multiple demographics. You could be
really excited about public goods and want to build on it and want to be part of it and want to
eventually receive funds. But you could also just care for public goods and like that they exist in
the world, but not be a public goods organization and build on PGN and know that simply by it, you know,
existing and building on this chain, you're supporting other good causes in the world. So that's a little
bit about how we got our start. I'm happy to go into it more, but I'll pause and throw it back to you.
I just want to take a moment to say, uh, that is freaking cool. Um, you know, like, uh, I think like
it, uh, it's worth just kind of reflecting on, you know, this world that we're living in where it's so
hard to fund public goods, where it's so hard to fund, you know, things that make a positive impact in
the world. And like, just having a network that's dedicated to public goods funding using web three
tools and web three rails to like, you know, just try to solve some very old problems. Like, uh, I just
want to make sure that we like really hang on that point for a second. If you're out there listening to
this and you think that's awesome, uh, throw up a heart emoji. Uh, I think we need some heart emojis for
the, uh, for the public goods network just to, just to kick us off. Um, yeah. Can I, can I maybe just touch on
that? Cause I feel like maybe, um, yeah, I think it's worth expanding on. So, you know, this question
of where public goods funding comes from, and again, I referenced this, I wrote something and
shared it yesterday, this question of where the funding comes from, um, I think has always been,
and probably always will be a question and it existed before, you know, Ethereum existed. It's,
it's existed for a long time in different countries and nations and communities think about it
differently. Um, but you know, we all want to partake and enjoy and benefit from public goods.
And, and we do, um, whether or not we care about them more and whether or not we think about them.
And that includes, you know, open source projects, but it also includes things in our physical, um,
you know, day-to-day lives. And so this idea and question of, okay, if we're in this digital space,
um, and we're all sort of global citizens across borders, how do we start thinking about
where funds come from and what, what do we do together? Um, kind of in the same way that like,
you know, taxes and, and different, um, you know, mechanisms exist in the real world.
What are things that we do digitally that might go towards something that benefits us all? And,
and so these questions have been raised by Awaki. They'd been raised by, um, Kyle certainly.
And I think again, like I mentioned, the tech, um, sort of matured to a point where we could
experiment in this new way. And so I think this idea that you can do something you're going to do
anyways, but simply by doing it, you're funding things that matter, um, is really novel. And again,
that was the thing really that, that excited me and inspired me to come and help build this.
Love that so much. Like, you know, so for anybody who's donating in, uh, the, um, the upcoming program
rounds, the open source software round and the web three community round, um, you know, every
transaction, not only is your donation going directly to a donor, but like your sequencer fees
are like the equivalent of your gas fees basically, uh, is going to supporting public goods and not just
for Gitcoin, but for a bunch of other organizations, which to me is just like, so freaking cool. Um, you know,
this is the way it's like moving away from, from other approaches that, you know, are just like
extractive or, or just like difficult and, you know, and, and kind of moving us towards a way
where just like public goods funding flows more freely. So, um, Matilda, I know we have some
questions about like, what does this mean for the round? What does this mean for donors? What does
this mean for grantees? Do you want to, do you want to walk us through, uh, uh, some of these kind
of, uh, getting into the weeds, more specific questions? Yeah, for sure. Um, I mean, I can just echo
everything you said now. Um, I can't really say it much better. I was always really excited
about PGN launching and yeah, it's, it's, it's just such a super exciting project for me. Um,
yeah. So for GG19, I guess we can start with grantees. I see quite a few grantees in the audience.
So I think there's just a few things that we can, um, that we can cover. So I think some of the things
that are important for grantees to remember if I don't know you and Ben, Ben, you and Nicole
want to, want to jump into that. Um, I will also, while, while you're going over it, I will
pen into the Jumbotron. We've got a grants portal that is a portal for GG19. This will be a single
source of truth for everyone. It's for donors and grantees. And we've got like a ton of resources
in there as well for PGN. There's a whole PGN onboarding guide, um, that I've just added,
you know, there's, um, yeah, how to add PGN to your wallet and all those things, but maybe let's
first get into the grantees. Love it. Sorry, go ahead, Nicole. I, I think basically the question
is like, what do, uh, what do grantees need to know about PGN? Like what, what is different
for this round? Uh, I could definitely talk about it from a Gitcoin perspective, but do you want to
just kind of kick us off, uh, from a PGN perspective of like, you know, like basically what, what
considerations should grantees have in terms of like what to anticipate will be different because
of using PGN as opposed to, you know, say around being on Optimism or ETH mainnet? For sure. Um, well,
the PGN account did share a meme, um, that I appreciated that somebody had put out there
around, um, you know, PGN. I mean, I, I remember as a donor years ago, um, being frustrated that so
much of my Gitcoin, um, giving was going to be swallowed up by gas fees. So I know that, um,
L2s generally have been a solution and response to that. Um, so I appreciated that meme. So, um,
the same is true for PGN as would be true for around on Optimism. Um, you know, I think that
the, just to say probably the, the basic obvious things in order to do things on chain, um, for this
grants round on PGN, you're going to need to bridge some funds over. Um, and that you're going to want
to make sure that you have some funds there. Um, this is my suggestion. Um, I think a lot of us who
have been operating on chain probably have funds in some L2 somewhere. Um, and I think that there's
some really important and cost saving, um, uh, sort of hacks that you can do in order to avoid, um,
some of the bridging costs from L1 to L2. And so I think that that's probably the first thing to
mention is you're going to need to bridge funds. However, there's some pretty pain-free ways to do
that. So if you already have funds on another L2 like base or Zora or Optimism, you can use bridges
like super bridge or, um, layer swap to really effortlessly and affordably transfer those funds.
If you do not already have funds on L2, um, already, there's some easy ways to on-ramp
via base using either, um, Coinbase wallet or others. Um, I think that MoonPay also just onboarded
with base and then to transfer those funds over to, um, PGN. And so, you know, there is a multi-step
process. You could definitely go the traditional route and just use our native bridge, um, and go L1
to L2 there. But if you want to avoid gas costs, I mean, you know, who doesn't want to avoid L1 gas
costs? Um, that's what I would recommend. So that's the first is that there's some great solutions out
there and we touch on these. I know that Ben and Matilda and the entire team have been doing a great
job of messaging and putting out communications on questions. I'm in the Gitcoin telegram. I'm also in
the PGN telegram and answering questions and directing people to good information. We also
have a set of FAQs, um, that I put together that share some of this as well. So there's, um,
you know, in order to first get onto PGN, those are the, um, those are the methods that I recommend.
I love it. That is a great place to start. And like, you know, I, uh, and if you're listening to
this and you're getting some alpha, like you're getting a sense of like what you need to know as
a grantee, uh, I think it'll be particularly important for grantees to be aware of all this
stuff because often it's the grantees who are helping, uh, all the community members that they're
onboarding to support them. So like, um, you know, please do share this link. Uh, if you're out there
listening, just to help spread the information that I think is going to be really important to all
grantees. Um, and all second, what Matilda said about the grantee portal, big shout out to Matilda,
uh, for updates that have been made to that portal. I I've now memorized the portal URL.
Everybody repeat after me grants dash portal.gitcoin.co grants dash portal.gitcoin.co
It's just like the grants.gitcoin.co, but with a dash portal in there. Um, so I now have tattooed
that into my brain. I will remember it. Hopefully you will too. Uh, that is your like one-stop shop
for everything a donor or grantee needs to know. Um, there's a link, uh, to a calendar
in there. Uh, here's a little alpha for you where you can just like add to your calendar,
all of the upcoming Gitcoin Twitter spaces and other events and stuff that are going
on. So if you want to make sure you don't miss any of these spaces, have them on your
calendar. Um, that in and of itself is, is a great reason to go there, but there's also
a bunch of videos that help you, uh, through bridging that help you through kind of everything
that you need to know as a grantee or as a donor. Uh, you know, so if you're looking
for resources that you can take and fork and do what you want with to, to sort of create
your own guides for your own community, feel free to use those resources, uh, in whatever
way, uh, you see fit. Um, one thing I want to make sure we mentioned too, just to, and
you know, this might be getting a little too like basic for a lot of the folks on here,
just looking at that sea of PFPs out there. I know you all know all this stuff, but you
know, just for the sake of saying it, cause we all are, you know, helping to onboard,
you know, noobs into the space all the time. Um, like for a lot of folks, the first challenge
is actually just adding a new network to their wallet. I actually helped a guy do this the
other day. Um, and you know, it was just interesting to see like from a relatively new to the space
kind of person, uh, and you know, not to, not to call it this particular guy, but he, you
know, he was a computer developer. Uh, you know, he spent a lot of work as a project manager
in the L2 or sorry, in the web to world. Um, but you know, it was relatively new to crypto
and like just kind of seeing him try to figure out how to add a new network to MetaMask and sort
of understand what that was, was a bit of a challenge. So, um, I know there's a few different
ways to do it. Um, I noticed that if you just like log in to manager and then, uh, you go to a
round that's on PGN. So like whether you're as a grantee or a donor, um, it will ask you to switch
networks. And if you just say yes, when that pop-up shows up, uh, it'll actually auto populate
your, uh, your wallet with all the correct information, like the, um, you know, the, the,
the number of decimals, the PGN, uh, you know, signifier, the, uh, the actual like address for
the network that you need to add manually. So it can save you a bunch of steps. Uh, that being said,
all that information is also at public goods.network. And it's also in the, uh, the guides
and the portal that we just mentioned, but I just want to, to throw that little tip your way. Uh,
you know, probably somewhat depends what wallet you're using. Um, one other tip I could throw out
there too, is I have noticed that some wallets, uh, get stuck in some signing moments. Uh, like I was
helping somebody who was using frame wallet the other day, they got all the way through, uh, their
signatures. And then for some reason, the last one wouldn't work when they were trying to set up
their grant. So if you're a grantee still trying to set up your grant right now, uh, and you're
having some sort of an issue, please don't hesitate to use the little chat box in the bottom right-hand
corner of the screen. Uh, when you're setting up your grant, the, uh, intercom, uh, chat box there
will create a ticket, which will go directly to our devs. Uh, and they, you know, first of all,
monitor where people are having problems and can push fixes, but they're also like, you know,
the best people to make sure that you actually get the solutions you need to, with the help of our
support team. Uh, of course, don't hesitate to reach out to any of us from the team directly,
but you know, you're always going to get the best support if you just go directly through creating
a support ticket. Uh, you can also do it at support at get coin.co. Uh, so yeah, try those,
uh, try those things if you're having problems. Um, how's that for a whole bunch of information
thrown your way? Uh, yeah, I think, um, please go ahead and call what you said around the frame wallet.
I think that's a great point. Um, currently MetaMask and Rabi are the two that work the best. Um,
and perhaps this is a good time to, um, anticipate the question around safe multi-sig wallets. So I'll,
I'll just double click again and mention currently MetaMask and Rabi are the two wallets that work
the best and, and have proven to work smoothly. Um, you know, you may be able to add it and,
and, you know, get through or, you know, have, um, mixed success with others, but, um, MetaMask
and Rabi are the two really right now that, um, are supported. Um, the other thing around safe,
um, we have been working feverishly behind the scenes to get to a place where, um, literally the
most requested deployment, which is safe, um, front end UI, um, is ready. Um, I wish that that
was something that we had ready now for a GG19. I know how important it is. I know how important
security is. Um, and unfortunately it just, you know, wasn't ready in time for GG19. And so if you
are a program or, you know, if you typically use a safe wallet, the things that we recommend right now
are to, um, transfer funds, um, between the multi-sig and, um, you know, an individual
self-hosted wallet, um, you can also use a hard wallet, um, you know, a cold, cold wallet, um,
or hardware wallet in order to be secure. Again, um, this is not, I'm not a security expert,
um, by any means, but these are the basics, um, that we would recommend as workarounds. Um,
for those that are more technically able, you may see some other recommendations of ways that,
um, the safe contract can be interacted with on PGN and that, you know, for those again,
who are more technically able than me and who are able to do that have at it. But, um, I know for
myself who, you know, knows their way about around a blockchain, um, that would be above my tech ability.
And so it's, it's definitely something that, um, you need to have a fairly high level of tech
literacy in order to do. Um, and so, you know, why not just, um, sort of go the recommended route?
Totally. And I thank you so much for anticipating that and bringing it up. It definitely is one of
the questions that we've gotten a lot. Uh, you know, the good news is that you will not be able to
accidentally put in a safe wallet address. Like if you think that your optimism wallet address
will work as a PGN wallet address. Uh, I've seen a few people try that they get an error message.
It doesn't work. Um, so that's actually a good thing. It means that, you know, nobody's going
to have funds that are accidentally being sent to a wallet address that doesn't actually exist or
isn't fully supported. Uh, you know, it really is a front end UX issue on the safe side right now.
So, you know, definitely, uh, you know, telling people that you would love to see that UX added.
If you know somebody at safe or you feel like, uh, you know, reaching out to them in one of their
spaces or something like that, uh, by all means, please don't harass them or anything, but you know,
our friends at safe, uh, I'm sure just like our devs, uh, just need to know what people want to see
prioritized. And there's a lot of things competing, uh, for attention. And I'm sure as more and more
stuff is happening, uh, you know, on, uh, on PGN, as we move forward, uh, that'll increasingly be
something that people want to build on and use for any number of different reasons. Like this is just
one use case is the Gitcoin grants around. Um, just in terms of security, I just want to add one thing,
uh, and Matilda, feel free to jump in here if you'd like. Um, you know, I, uh, I know that we
have been doing a lot to try to share more information about how to keep yourself safe
as a grantee. Uh, and you know, multi-sigs are definitely an important thing that you can
deploy, but it's definitely not the only thing. Um, you know, so maybe do you just want to tell
people a little bit about where they can find those resources and like maybe just a couple
quick tips if you don't mind sharing them? Sorry, that was a firm Matilda.
If you're there. Hello. Hello. Um, yes, I am here. Um, sorry to put you on the spot. No problem. Um,
can you repeat that question? Sorry. I was a little bit distracted.
Oh, we got you multitasking.
Oh, damn. Yep. That's part of my job. Sorry.
Not at all. You're, you're holding down one of these spaces all the time. I was just saying,
we were talking about security, uh, and I know that there's a bunch of stuff going on
right now to try to make sure that, uh, you know, donors and grantees, um, you know, are as secure
as possible, uh, you know, not just in our rounds, but in the web three space in general. Um, and I was
just asking where people could find that information and maybe just a couple of quick tips if you have
any. Yeah, for sure. So that again is on the grant portal. Um, you can go on there. It's under the
grantee portal at the moment. Um, yeah, I think it's just, you know, I think when we're looking
at security, um, I've been diving into this a lot, we can look at it from a few layers. It's like,
how, how security conscious are you right now? Like how much of the basics do you know? Um,
you know, like it's like the basic stuff, for instance, where not to store your seed phrases
or how to keep your wallet safe. Um, and then you can dive into a little bit deeper on, um,
it depends like where you're at in the game. So we have some, we also have some security
documentation that just gives you a couple of tips, you know, like how to set up 2FA correctly,
um, things that you can install in your, um, you know, on your, on your desktop specifically.
Um, and then also I think, but for the grants run specifically, I'm always just encouraging
everyone to bookmark links and bookmark domains, just bookmark everything that you know is
trustworthy. We also have a list of Gitcoin official link, like domains and accounts that I encourage
everyone to just have a look at because we as Gitcoin, we have a lot of accounts and we have
a lot of products. There's a lot in the Gitcoin ecosystem, um, and things move really quickly in
Web3. So I think just being aware and just like, if you're not sure if you can trust something,
go have a look at the official domains. If it's not there, most likely you can't trust it. If you're
unsure, just, you know, just, um, just let us know. We are also busy rolling out some security
documentation, like a lot more in depth security documentation for grantees and donors. Um, so
that will also be coming up as well. I don't know if I missed anything, but I think specifically for
GG19, like we could, I think, spend hours talking about security, but I think, um, all the resources
that you need, um, is in the, the portal as well. Um, and just, yeah, just, I think just remember to
slow down and if you're not sure, ask, there's no dumb questions when it comes to security in my mind.
A hundred percent. Thank you for that. Yeah. And the only thing I would add is we've done two
Twitter spaces with a bunch of security experts who are like specifically Web3 security experts.
Um, and you know, folks who have pretty impressive backgrounds in terms of the stuff they've done
outside of the Web3 world as well. Um, you can find those somewhere. Maybe we can, uh, pin them to
the top of the page or something. Uh, what do you call that? The jumbotron. But, uh, yeah, if you want
to, if you're more of an auditory learner, if you, if you prefer to, to hear the answers to these
questions instead of like reading through stuff, um, there is tons of useful information in those
two spaces. So definitely don't hesitate to check them out, but I would agree with the, the last two
points I think were the most important ones. Just slowing down, not ever feeling like you're
FOMOing into anything that has risk associated with it, which is basically anytime you connect
your wallet to anything or sign any transaction, like take your time, double check, don't, don't
rush, you know, drink water, touch grass, uh, all that good stuff. Um, and make sure you're having a
good time. Uh, shout out to Salty who I see in the audience. The, uh, uh, the best time that you can
have in a Twitter space in Web3 is definitely Salty's, uh, Twitter space. Um, okay, Nicole, um, you
know, this was a little bit of a tangent, but you were talking about your sort of like
L2 vision for the world. Uh, you know, I will definitely come back to like tips for grantees
and donors, but, uh, I just wanted to make sure we didn't kind of gloss over that. Cause
I think that's like a really interesting and important part of this conversation too. Um,
do you want to share just a little bit about sort of like where you see this all going sort
of like how this, uh, how this fits into a bigger picture of kind of like, you know, the, uh,
the L2 world that we're all living in nowadays? For sure. Um, it's a bit of a daunting question,
but I'll, I'll give it my best shot. Um, I mean, I think that for me, I contextualize an
L2 vision just sort of in the grander scheme of an on-chain vision. Um, and so, you know,
for me, the, my interest in, in crypto has always been of what it could enable. And so what
I've seen with, um, L2s and generally a lot of just the, the building during the bear
is really necessary infrastructure. That's going to get us to a place where there's not
a ton of friction. I mean, I remember the first time that I bridged, um, Matic, I was
doing this like thing with dinner down and I was going to go to this event and you had
to purchase a ticket with Matic and it broke my brain so many times. And I felt like I was
just sort of bopping around the deep, dark corners. I guess, I think this was like early
2021, um, you know, of, of the internet. And so we've come a long way. Um, and so to go
back to your specific question around my vision for L2s and, and how I see PGN, um, I think that
in a lot of cases, L2s and a lot of the, the tools that are built being built right now to
make things more affordable and efficient are going to fade to the background. And that's
always really been my belief with crypto. Um, but at the same time, I think that what's
interesting and, you know, I wasn't there, you know, in the early stages of building web
to tech, but my personal opinion is that crypto tech does feel in a lot of ways, more values
informed and, um, built around values. And so I think that there's kind of this, this
both like tension, but also opportunity to incorporate values into what you're building
while at the same time for maybe like the, the normal day-to-day user, it gets abstracted
away. And so that's where I see something like PGN coming into play, which is that this allows,
um, you know, every action, every, um, you know, on-chain interaction that's, that's happening
to go towards something that you feel good about while at the same time being something
that you really actually don't have to think about. Um, and so for me, that's where I see
the L2s. Um, I think that there's for sure going to be a lot of ghost L2s. And I appreciate a lot of
the skeptic tweets that are out there of like, you know, don't ask me to bridge to another L2,
or you're going to have to pay me to bridge to another L2, or, or most of them are not going
to matter. Um, yeah, I mean, I, I agree. And also I think that it is also going to at the same time
be possible for many more to exist than we realize and for them to have specific utilities or cultures
or purposes behind them. Um, and I think that this is true with a lot of the, the tools that I sort
of put into the abstraction category, whether it's, um, you know, privy wallets, or I was talking
with the, um, the decent team and they're working on some really great on-ramp, um, uh, tooling.
And so I think that there's a lot of solutions out there that are going to get us to a place where
the technology is a bit behind the scenes. My hope is that the values still say, still stay
somewhat present and visible. Love that. Yeah. I mean, we've talked so much about programmable
money over the years. It's now like we're moving to this whole world of programmable networks where
the, you know, the networks are actually a representation of, of the underlying values
of the community that's using them. And, um, you know, I, I share that vision that like,
we need to get to a place where it's like plumbing, where it's all basically invisible. We're just solving
problems and people don't even necessarily know what's going on under the hood. Uh, you know,
we're definitely in a sort of, you know, technical world still right now. Um, I'm just, uh, just to
kind of bring us back to the specific questions for, um, the Gitcoin grants round. Cause, uh, you
know, it's important. Uh, I'm just seeing a question here in the thread from Serge and we'll
give people a chance to come up and ask questions if they would like in a moment as well. Um, but
Serge is asking, uh, on which network do I need to create the project in builder for the web three
open source software track, PGN? Um, okay. This is a great question. I'm glad you asked it Serge
because, uh, actually you do not need to pick a particular network. Uh, it basically just
needs to be EVM compatible. Uh, so I've actually heard some people didn't quite understand this
and thought they had to, um, create a new grant proposal every round on whatever network the
round was run on. Uh, but with the beauty and magic that is EVM compatibility, if you created
your grant proposal on ETH, on Arbitrum, on, uh, PGN, on Optimism, uh, any of those would
work, uh, for you to apply to any of the grants program rounds that are happening, uh, as part
of our quarterly GG19 grant cycle. Um, so you do not need to recreate your proposal. If you
already have one, you basically just will need to switch to the network when you go through
the application phase. Uh, I think the way to think about builder, like the place where
you actually create your grant is it's kind of like your home base. It's like your homepage
for your grant proposal. Um, you know, so when you've participated in multiple rounds,
you'll see all the history of the different rounds you participated in. It's kind of the
general place where you describe your project. Um, but there's always more specific application
questions that happen in Explorer, like, and you don't need to know the difference necessarily.
They're just kind of two pieces of what we call grant stack. Um, but the, the simple answer
is you only need to switch to PGN, uh, for the, uh, web three community round. When you
go through the application flow, um, you can create your proposal on PGN and the gas fees
will be low. Um, you know, so, you know, by all means do so, and you'll still be able
to apply to rounds, like say an Arbitrum round or, uh, you know, the climate round that's on
optimism or, or whichever round you might, uh, desire to be a part of. So, um, just wanted
to make sure that was abundantly clear that you, uh, do not need to, uh, recreate
your proposal on PGN in builder. Um, and nor do you need to, uh, you know, sort of switch
where your, your project is, uh, you know, based on which round you're applying to, as
long as it's EVM compatible, you're all good. Does that make sense? Somebody send me a thumbs
up or something, or I'll just feel like I'm talking to myself. My dog's looking at me telling
me that it makes sense, but really the public good she wants more than anything else is me
to keep scratching behind her ear. I am officially not allowed to use my left hand while I'm talking
to you guys right now. Sorry about that. Okay. Uh, we had more questions for Nicole, didn't
we, Matilda? Help me out here. I, I'm, I'm, I'm doing that thing where I'm distracting you while
you're trying to work on something else again. Are you still there? Yeah, I'm here. I'm here. I'm
sorry for being distracted earlier. I was actually pushing updates to the portal. So it was something
that was very, um, how dare you? Yeah. Uh, it was, it was, yeah, it was, uh, something that was in
relation to this call. So, um, but yeah, no, I'm here and I think just the other questions. Oh,
I actually did see a question in the, in the thread from Colleen. Uh, she says, love this idea. When you
talk about public goods, I think this is for you, Nicole, when you talk about public goods, do you mean
only open source software or all kinds of public goods like a healthy earth, clean air and clean
water and biodiversity, et cetera? Um, I think that question was dropped when you were talking about
what PGN is and you know, where the sequence of fees are going, if I'm understanding correctly,
Colleen, um, also welcome to come up on stage if you want to, if you want to ask further. So I think
that one was for you, Nicole. Um, yeah, so, um, I sort of touched on this. Um, you know, I, before
coming into public goods network had not worked formally in the digital public goods space, but I
did have a lot of experience, um, at the very beginning of my career, working in nonprofits and,
and working on, you know, sort of various socially beneficial, um, projects. And, you know, I think
that what has always been interesting to me is again, um, what is a public good in the digital
sphere? What are, what, you know, what gets funded? And I think that there's a lot of obvious overlap
between open source projects that we all benefit from and that are public goods. But then there's also,
we also see rounds on Gitcoin go beyond just, um, open source projects and there's a lot of others.
Um, and so the short answer, the easy answer perhaps to, um, you know, what types of public
goods is that that's going to be something that's determined through governance, which will kick off
in January. Um, and so really the, the very broad strokes roadmap of PGN has been, you know,
we launched on main net in July. Um, we've been really focused on getting the core primitives that
any network needs in line first. Um, and then, um, starting to bring in more people into our network,
both, you know, obviously some of our key applications within Gitcoin, but then others like
Zora, Joe Grace, Guild, um, Bridges, like I mentioned, wallets, um, and, and some of the
backend infrastructure that we need as well. Subgraphs with GoldSky, there's, there's a ton of great
partners. Um, and so, um, the other partners that I haven't mentioned are a lot of the other public
goods organizations. So folks like Eco, Public Nouns, Giveth, Clear Fund, um, Endowment, Hedgie,
these have all been organizations that have been really important as well. And so post, um, six months
after launch, which will take us to January of 2024, that's when the beginnings of governance will
commence. And when organizations that, um, have been involved in different ways are going to be
able to participate in different ways. And so, um, governance is right now just starting to get
figured out. Um, and that process will ultimately decide where those public goods, um, where, where
those sequencer fees go, you know, what types of public goods and, um, how, and to whom they're
distributed. So it's a bit of a non-answer. I'll own that, but that has always been the plan, which
is that first we are going to, you know, make the network as robust and functional as we can, um,
invite folks to build and interact and then, um, generate those revenue fees that can then go back to
funding public goods at large. And I, I think I will just sort of, um, elaborate on that one point,
which is that the intent for public goods network has never been only to fund itself. Um, it doesn't
exist for itself. It exists for beyond itself. And what I mean by that is that it exists to fund public
goods beyond the network. Um, the network for sure is a public good, but it exists for, um, others to be
able to access the funds that are generated by interacting. And so it really is something that
we are offering up to the, you know, Ethereum ecosystem at large. And that's something that
I'm, I'm really proud of and believe in really strongly. Well, I just, I just, I just figured
something out, Matilda and Nicole, the public goods network creates network effects that it's happening.
I love it. Um, you know, I honestly, I think people overcomplicate the conversation of what a public
good is like, this is a question we got a lot when Gitcoin really leaned into, you know, the public
goods are good. I I've, you know, got at least two hoodies that say public goods on them. Uh, you
know, it's, uh, like to me, public goods are just things that are good for the public. You know, it's,
it's, uh, like, of course there's a, a, a strict economics kind of definition of it and like, you know,
how, uh, you know, exclusionary or sort of available to something have to be before it's like a club good
versus a public good or a private good. I mean, you could argue that anything on the internet isn't
a public good because big chunks of the world don't have access to the internet. Um, but I don't think
that's, you know, the argument that we're making here today. I think we're saying like, you know,
this is really just about funding things that are not just for like individuals or small groups of
people, but you know, things like clean air and clean water or open source software that are like
broadly available to people, uh, and generally make the world a better place. Uh, but that's just my two
sense. And the beauty of governance is that everybody can get involved and have an impact
on this. Uh, love that there are so many cool organizations who are already involved in the
network. Is there opportunities for other orgs to get involved in the network as a, uh, in the year
ahead? Uh, I'm not sure what that looks like, Nicole. OMG. Yes, definitely. DMs open, um, always. Yeah. Um,
so love for folks to build on PGN. Um, I'll give just a quick shout out. We've got, um, a hackathon
happening right now with Green Pill Nigeria, and they're looking at, um, inviting all of the projects
within the hackathon to build on PGN. Um, you know, there's, there's a lot of fun and interesting,
um, experiments. There's, um, the ACE, I'm going to get the name wrong, but the, um,
the sort of magic, the gathering, like regen D gen card, um, game that, um, I think that he's at
Zuzulu or was just recently there. Um, Colton. Yes. Um, so that project, um, we're doing some fun
giveaways on PGN. Um, so there's a lot of just like independent folks that are experimenting. Um,
and then, you know, if you're interested in deploying or figuring out how you can be involved
or how you can, you know, one day receive funds, um, I think it's important to remember, and I'll
just, you know, note again, we're not distributing funds right now, you know, the, right now we're,
um, building the network and then, you know, deliberation and distribution will happen in 2024.
Um, but basically, you know, we are a big tent. My DMS are wide open and always interested in,
um, answering questions, meeting folks, learning more about what people would like to see, um,
or what they would like to build. Love it. You know, that actually might be like the biggest alpha
of this whole call. Come to think of it. Like pretty much every grantee in the Gitcoin grants program,
uh, is a public good, you know, pretty much everybody's building public goods. Maybe this
is one of those, like, ask not what, uh, the public goods network can do for you, but ask what you can
do for the public goods network kind of moments. I don't know. Uh, maybe that's too American. I don't
know. I'm a Canadian. You'll have to tell me, but, uh, you know, the, uh, uh, I think the point is
though, that like, first of all, it's just miraculous what the public goods network has done in such a
short period of time. Like for anybody who doesn't know, like, I mean, like you said it, I mean,
basically started this summer, this past summer, uh, which feels like a long time in web three world,
but it's actually a pretty short period of time. Um, you know, and has already got all these
partnerships doing amazing things with all kinds of partners. Uh, and I think just scratching the
surface of what's possible for PGN. So, uh, I for one am like bullish and excited, uh, you know,
about what is possible in this space, love seeing new funding mechanisms, uh, coming into existence.
It's all a big experiment. We're all building the spaceship while we're flying it. I'm sure
you'll run into some problems, uh, you know, along the way, just like we do in every round
with, you know, something to do with wallets and crypto and, and all these different pieces
trying to come together and work together. Uh, you know, one of the biggest contributions
people can make is just like flagging bugs or like things that they think could be better
or different or sharing their ideas. You know, I can tell you that the devs at Gitcoin take
all of the feedback that they get in our support tickets, like super seriously. They're always
looking at the metrics of like how many people were struggling with this or how many people
were asking for that. So, you know, please, whatever feedback you've got about Gitcoin
grants rounds, regardless if they're about PGN or whatever else, uh, please do not hesitate
to share them. We take every one of those, uh, little bits of input and feedback as a signal
of what the community would like to see built. And, you know, that's the whole beauty of building
in public is you can help shape where this project goes. So, you know, same goes for anything
to do with, uh, you know, your experiences with PGN. I can tell you that like before doing two
rounds with PGN this round, um, you know, our two biggest core rounds or program rounds,
um, you know, we actually did one big round, the core infrastructure round, uh, in GG 18 or our last
grants program round. Uh, and it went off without a hitch. Like, uh, you know, and I can tell you,
we have, uh, tested a lot of different tools and products over the years, uh, you know, and have
often built broken other people's, uh, networks or, or infrastructure just by sending a lot of,
uh, traffic to it. Uh, you know, it happened with ZK sync, uh, shout out to our friends at ZK sync.
It happened with ceramic, shout out to our friends at ceramic. Uh, all of them did amazing jobs at like
rolling with it, fixing things, keeping the, the, everything moving, like literally building this,
maybe not literally, but, you know, literally building out the code while we're using it. Uh,
you know, maybe not literally building a spaceship, although, uh, you know, shout out to Rod,
if you're out there, you know, uh, going to outer space, cleaning up space junk and whatnot,
much love. Um, yeah. What, what else do people need to know about the public goods network? Maybe
we should use this last 10 minutes to, uh, to open up for any questions if people have them. Maybe
there's, uh, you know, some problem or challenge or question that you've got, uh, Hey, Matilda's got
one. I, I saw you come off mute twice and I just was so busy rambling on that. I completely forgot to
shut up and let you go. No, no, no worries. Um, yeah, definitely want to encourage people to come up on stage.
If you have a question or you want to come and hang out or like, yeah, there's something you want to
know. Um, but something I just thought of where would be the best place, um, for, uh, people to
go to when they want, when they need support, they can go to support, um, you know, at getcoin.co,
but for PGN specific, I know there's a telegram group and I will also add that to the portal.
Nicole, is that the best place to go if, you know, it is. Yeah, definitely. I'm,
I'm always on there and there's also just some other helpful folks. It was like a Saturday evening
once and somebody had pretended to be me, um, in the telegram and then, um, was obviously posting
links that were not helpful and probably damaging and dangerous. Um, and one of our users, literally
my phone started, I started getting a call on telegram. Um, so one of our telegram members
called me to let me know, um, and I don't usually answer phone calls on telegram, but then I went to
my DMs and they had, um, messaged me that somebody was doing some shady shit. So, um, I really
appreciate, um, the telegram community. And, um, even when I'm not on there, I'm on there.
Love that. That, and that's a really good, uh, security call out actually. Like that is a
attack vector we've seen pop up more and more recently where, um, you know, somebody pretends
to be, uh, you know, the person that you're going to look for support from, uh, it happened in our
DSI round, uh, a couple of rounds ago where, um, you know, people who are trying to appeal the
decision about not being included in the round went into the group and then had somebody pretending to
be the round manager, uh, offering to, to help them and then sending them malicious links that,
uh, would drain their wallets. So please do be really careful about those sorts of things. Uh,
you know, it's always a good thing to do to double check, you know, if your spider senses are
tingling, that's probably telling you something, uh, you know, you want to just, you know, be safe out
there and double check. Don't, uh, don't, don't FOMO into anything. Don't rush into, uh, clicking on
anything. And, you know, we're definitely not going to send you some weird sketchy links to
have to go connect your wallet to something to solve any of these problems. Uh, you know,
if anything, we're just going to try to help you connect to the actual Gitcoin, a site and make
sure that, you know, everything's working for you properly. Um, I just noticed we have a, uh,
a friend up on stage with a question. Uh, welcome to the stage, uh, Oxygen. That is a great name.
Love it. Uh, how are you? I'm doing great guys. Uh, appreciate for the time. Um, so I just wanted
to kind of, for those of us that are new to the space, you mentioned, um, you know, connecting
a wallet was an issue for somebody. Can you kind of describe the difference between Gitcoin
grants and receiving funding through Gitcoin grants and maybe receiving funding from the
PGN network? Uh, what the difference is the structure in like the most simplest, um, uh, like
explanation and then kind of identify why or what or how, why, like we should, we should, uh, get
involved with PGA. Love it. That is a great question. Uh, I'll take a first cut edit, but feel
free to jump in if you want, Nicole. Um, so Gitcoin grants, um, you know, we run a quarterly grants
program. Um, so people can apply as a grantee to receive funds. It's a lot like a GoFundMe campaign
in the sense that, you know, basically you set up your own page. It's relatively easy
to set up and then people give you donations directly. Uh, that money doesn't go to Gitcoin.
It goes directly to you. Um, and we keep track of how much funding people are getting, uh, from
donors, uh, and not just the amount of money, but we really look in particular at how many
people are supporting each individual grantee. Uh, and then really the magic thing that is
different about Gitcoin than something like GoFundMe is we have these matching funds that
are largely given to us by big web three, uh, entities. Many of them are like graduates of
past Gitcoin grants rounds. Um, and they trust the wisdom of the crowd basically to determine
how to allocate those funds. Um, you know, so that's, that's Gitcoin grants funding. You
basically get money two different ways, both directly from individual grantees. And at the
end of the round, you get some portion of the matching funds. Um, whoa, cool. Sorry. Somehow a YouTube
video just started playing on my phone. Uh, um, yeah. So do you mind if I pick up the baton
there? Go for it. Um, yeah. So the, the difference, um, with, you know, PGN and receiving funding
from PGN versus the grants, um, is that right now, um, there are not any funds available yet
from public goods networks. So, um, you know, to, again, for those that are either sort of
similarly or less technically adept than me, um, the funds come from the sequencer fees and those
sequencer fees are, are paid for when we do on chain transactions. And so, um, as, you know,
as people interact on chain, the sequencer fees, um, are generated and the vast majority of those are
going to go into, uh, a pool of funds. Um, they have to also offset just the cost of rolling up
back to the L1 mainnet. And so there is a cost, the minute that you flip the switch on mainnet on
any L2, there is a cost of constantly rolling up all of your information back to ETH, you know,
L1 mainnet. Um, and so, you know, we need to first generate, um, sufficient sequencer fees to
offset that. And that happens at times of, of high traffic. And so as we start generating more
on chain traffic, um, those sequencer fees will go up, that will go into a big bucket, um, you know,
digital virtual bucket of funds. Um, and eventually those funds will make their way into things like
the Gitcoin grants round as well, as well as other organizations. But it's really important to
note that right now, um, you know, PGN exists as an infrastructure layer and it's the thing that
the grants rounds are being run on, but there is currently not any funds that you can access from
PGN. Um, and even when, you know, that becomes available, it's going to be through organizations,
um, and, and, you know, perhaps directly as well. Um, but, um, you know, somewhat, somewhat similar
or some, sorry, somewhat separate, not similar, somewhat separate. So I hope that helps, um, just
explain sort of how the structure works. I thought that was great. Uh, oxygen, uh, did that answer
your question? Do you get, it looked like you got a follow-up. Yeah, definitely got follow-ups. Okay.
So you had mentioned, uh, like a GoFundMe, um, if you could identify like why I would want to
go with, uh, I mean, besides the obvious, we're working on Web3, not Web2, but, uh, why we would
set up with Gitcoin grants rather than like the traditional crowdfunding GoFundMe or Kickstarter
or something like that. Um, and then another second part of this question, if I have multiple, uh,
organizations or multiple communities that I support, um, as an organization, as a conservation
and wanted to get multiple communities, uh, support, um, what's the best way to go about doing
that as an organization to get multiple community support, um, like through our organization, how would
we, how would we approach that? Absolutely love this question. Um, just one, I actually just,
I'm going to really quickly ask Matilda a question just to make sure that we have time to answer
those questions and also get Tony Hawk's question. Um, are, are you able to go a few minutes over
or do you have a hard stop, Matilda? I was actually just letting you know in our thread,
yes, I can go, I can go over. Okay. Didn't see it, sorry. Yeah. No, no, no. It's all good. Yeah.
I can go over. I can go a few minutes over. Um, but maybe because this is more of a Gitcoin
question, I wonder if we should also just hear from Tony Hawk in case it's a PGN specific question.
Um, cause yeah, oxygen, that's, those are great questions. Um, and also they're, they're probably
better fielded by the Gitcoin folks. Um, but I would love to hear what Tony Hawk is wondering.
Now, now I feel bad, Ben, cause I just came up here to talk about a meme that I made.
Uh, is it a bucket? I was hoping somebody would make a bucket meme after we were talking about
putting money in a bucket. Uh, just something I've been riffing on. Cause as you know, we,
we, uh, tirelessly made Vonate happen in GG 18. And so I had the idea that this time in GG 19,
maybe we can make the Vonation happen. What do you think?
I love it. We are the coordination that is, uh, doing the Vonation. Uh, and it's happening right
here on this station. Uh, needs, uh, needs more jargon. I think it'd be better if it was completely
indecipherable to a human being. I mean, you know, we're on our way there already. Welcome to web three,
everybody. Uh, wag me, LFG, uh, all that good stuff. Um, Tony, it's great to have you up here.
Um, I am happy to, you know, it's funny. It makes me realize that like, we really should do a little
bit more of like, uh, who, what the heck is get coin, you know, at the beginning of one of these,
uh, we, we just have a tendency to jump right in cause we're excited. Um, but you know, GG 19 is
about to happen. Like if the applications are open right now, uh, there is like under a week now until
the first day of our next grants program round, they happen quarterly. Uh, you know, generally speaking,
we've given out about a million dollars around, um, to answer your question, oxygen, uh, and I'm
just gonna keep saying your name cause it's cool. Um, the, uh, uh, the, I don't think you have to
choose between get coin and other options. Um, you know, it's really just like yet another way to raise
money, perhaps from a different pool of people, uh, that you might be elsewhere in the world. Uh,
of course, participating in any program takes some time and takes some effort. Um, you know,
but generally speaking, I would say there's a lot of good reasons to be part of the get coin
grants rounds that goes beyond just the funding as well. Uh, there definitely is, uh, you know,
uh, an opportunity to access funds with, uh, you know, more transparency and clarity about how those
funds are actually distributed than a lot of traditional grants programs. Um, you know,
similar to a GoFundMe in that sense, like where you can actually see where the money's coming from,
and you can see that the projects that have the most support are getting the most matching funds.
Like all of that is, uh, you know, an innovation in and of itself. But, you know, to me, actually,
like, uh, I think that it's really more about the network effects and the relationships, uh,
you know, having been at Gitcoin for a couple of years now, it's pretty amazing to see how,
you know, people find co-funders or co-founders, they find, uh, investors, they pivot their projects,
they merge with other projects, they find open source code to integrate into their projects.
Um, you know, the, uh, the, the Gitcoin grants rounds are a bucket, I guess you could say,
uh, or a shelling point, uh, where people come together, you know, on a quarterly basis.
And there is like just a whole bunch of activity where people are raising awareness about their
grants, but also in the process, learning about each other's projects, finding out about, uh,
new innovations, new opportunities. You know, uh, a, a good friend of ours, Pranav, uh,
said people come to Gitcoin for the funding, but they stick around, uh, for the community.
And I, I think that really is true. Like if it was really just about getting, uh, you know,
a bag of, of crypto, you know, there's, there's definitely other ways to do that out there in
the world. It's, uh, you know, I think Gitcoin grants has done an amazing job at like being a,
just a pillar of the community that makes it possible to raise money, uh, round after round.
And like, to, you know, really kick the tires of your project in, in the court of public opinion,
to mix a couple of metaphors, uh, you know, to like get your idea out there, get feedback to learn
whether people are interested in what you're doing, um, you know, want to see you do it. Um,
you know, so I, I, I think there's a bunch of different reasons, but, you know, definitely
just like in terms of projects, getting some early stage funding without having to give up equity,
without having to raise VC funding. Um, you know, it's kind of everything, all the benefits of a,
uh, you know, a more traditional peer-to-peer crowdfunding application, but with all the
nifty web three stuff that comes along with it and, you know, the, uh, matching funds on top of that.
It also allows you to focus on impact that is not tied directly to ROI, which is super important
for public goods. 100%. Thank you, sir. Uh, toady Hawk always McTwist in the value right into the,
into the space. Love it. Uh, so, okay. We are over time, uh, but we are having a good time.
I noticed somebody put their hand up. They disappeared. Uh, is there any final last
questions? Does any final words, Nicole, public goods are good. You are great. Is there anything,
a final things that you want to share while we're all hanging out here?
Um, just thanks for letting us chat on this. Um, found it super helpful just to hear what questions
are out there and, and to give, um, an opportunity to share some of this in real time. I think,
um, we are, get so up in our heads that we forget that there's these sort of like basic things that
we haven't done a good job of spelling out. And so really appreciate the opportunity to do that.
Um, and hopefully, you know, just the first one of many where we're communicating a little bit more
directly. Um, so thank you so much for putting this together and hosting really appreciated it and,
um, had a good time. Right on. I would say, uh, the, the biggest thanks goes to Matilda as always
for being the coordinator, pulling this, uh, pieces together and herding all the cats and
getting us all in one place at one time and keeping the spaces open and alive. Uh, if you haven't looked
at that calendar, I mentioned again, it's at grants-portal.gitcoin.co. Uh, there is a lot of
shill spaces and other community spaces. You're going to hear from the hosts of various different
rounds. Uh, if you don't know, uh, Gitcoin grants 19 starts next week, uh, on the 15th.
That is next week. Do, do, do, do, do, do. Uh, that was my air on noise. I'm truncating it down.
Boo, boo, boo. Uh, salty. We need your sound effects. Can you bring your sound effect thing
to the next one of these calls? We, we definitely need that. Um, yeah. So if you haven't applied already,
there is still time. The early bird deadline has already come and go, but that doesn't mean that you
can't, uh, still apply. We will do our best to look at every grant proposal before the round starts
or as quickly as possible. We just give priority to all the ones who get it in before the early bird
deadline and promise to get those reviews done before the deadline or before the round starts.
Uh, the round will run for two weeks. We're going to try and hold us to this. We're going to try
to get matching fund payouts out the door before the end of the calendar year. Uh, if you go to our
governance threads, you can see a lot of discussion around the matching fund amounts and the rollout
and structure and way more things that you probably more than you'll ever need to know. Uh, but you know,
definitely go check it out. Uh, if you want to like, listen to some of the best conversation around like
interesting things happening in the space that is just fun and cool, uh, definitely tech check out the noun square,
uh, run by none other but toady hawk, uh, who is up on stage with us right now.
Right. I forgot you had the sound machine too. Of course. Uh, everybody's got one of these except
us Matilda. What's going on here? We, uh, we need to do something about that. We need to step up our
game for 2019. We've got to do it.
Bruh. Love it. All right. I think on that note, maybe we can just all sign off. Uh, any last words
from you, Matilda? Yeah. I just want to say, yeah, that's such a great note to end the space on. I just
want to say thank you again to Nicole for being here for you, Ben. It's actually, it makes my heart
very happy that we're on spaces again, because it means that GG 19 is coming up and it's, um, you know,
my favorite time of year is when these grants round, grants rounds happen. So very excited. Um, yeah.
Thank you so much for all this PG and alpha and yeah, we'll see you on the next get coin space.
There's probably going to be another one before the round kicks off. So keep an eye out for that one.
Right on, right on. All right. I couldn't be much more excited to, uh,
Hey, Oxy, if you have more questions and you want to keep talking about this or anybody else listening,
uh, my DMS are also open. Feel free to drop me a line. Always happy to jam on all things,
get coin and public goods and all that good stuff. Uh, yeah, much love to all of you. Thanks for being
here. Thanks for spreading the word. Thanks for being you and doing what you do. Uh, GMGN, have a
lovely day. Have a lovely night. Uh, you know, go touch some grass, drink some water, have a good time.
All the best. Peace and love. Bye-bye. Peace and love. Bye-bye. Bye.
Bye-bye.
