Namada Launches Retroactive Public Goods Funding Program
Namada, an asset-agnostic multichain privacy blockchain, has introduced its Retroactive Public Goods Funding (RPGF) initiative. The program is designed to reward developers, researchers, stakers, and the community for their contributions with 65 M $NAM tokens.
Acknowledging the Community’s Efforts
The airdrop aims to recognize the community’s efforts in building and funding public goods in fields such as privacy and zero knowledge technology, which are integral to Namada’s platform.
Eligibility and Allocation
Based on the team’s statement, eligible for the rewards are 7,094 researchers and developers, 191,715 on-chain accounts, and 2,510 contributors involved in the Trusted Setup held between November and December 2022. These eligible accounts have until December 28, 2024, to claim their allocation by submitting their Genesis Namada account on rpgfdrop.namada.net.
Empowering Creators and Supporters
“If we want to live in a flourishing world of public goods, we must design and use economic systems which support them not only in rhetoric but also in material compensation. Namada depends upon many public goods which have come before, and this RPGF drop is part of our attempt to give some ownership back to the creators and supporters of those goods and do our part in realizing such a world.” – Christopher Goes, Namada Co-Founder
Rewards for Various Contributors
The RPGF program aims to reward six sets of contributors to the Namada blockchain. This includes developers of Zcash infrastructure, Rust developers, researchers on zero-knowledge proofs (ZKPs), cryptography public goods funding (CPGF), privacy and learning, interchain public goods researchers and developers, shielded community members, Gitcoin donors, and Namada trusted setup participants.
Additional Reward Allocations
Other allocations include researchers and developers who worked on alternative public goods funding mechanisms, as well as Gitcoin donors who supported ZK Tech and Crypto Advocacy projects. Furthermore, the broader staking community in the Cosmos Hub or Osmosis and BadKids NFT holders will also be eligible for rewards.
Hot Take: Namada Values Community Contribution
Namada’s Retroactive Public Goods Funding program demonstrates the platform’s commitment to acknowledging and rewarding the contributions of its community. By distributing 65 M $NAM tokens, Namada aims to give back to the developers, researchers, stakers, and supporters who have played a crucial role in building and funding public goods on the blockchain. This initiative is a step toward creating a world where economic systems support and compensate those who contribute to the development of public goods. With its RPGF program, Namada empowers and recognizes the individuals who have made the platform possible.
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