Optimism Announces $3.3 Billion in Grant Initiatives
Optimism, an L2 blockchain platform, has announced a $3.3 billion grant program in OP tokens (850 million tokens) aimed at backing projects, developers, and influencers who are creating valuable products and demonstrating their utility to the community. The grant distribution is set to occur over four rounds, from May 2024 to the year’s end.
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Optimism, an L2 blockchain platform, has announced a $3.3 billion grant program in OP tokens (850 million tokens) aimed at backing projects, developers, and influencers who are creating valuable products and demonstrating their utility to the community. The grant distribution is set to occur over four rounds, from May 2024 to the year's end.
According to Bobby Dresser, the General Manager at Optimism Foundation, this allocation constitutes 20% of the initial token supply. Community members will have the opportunity to vote on which projects should receive grant funding.
Previously, the Optimism team carried out a third airdrop to reward token holders actively participating in the governance of the decentralized community. Further insights into the OP token can be found in our dedicated article. (edited)
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