T.xyz aims to address the lack of compensation for open-source software developers by creating an economic infrastructure that enables users to support their favorite projects through donations or token staking.
T.xyz envisions a future where open-source software developers can quit their corporate jobs and work on their projects full-time, thanks to sustainable funding provided by an ecosystem that financially rewards open-source software.
Deep dives
T.xyz: A Project for Funding Open Source Software Developers
T.xyz is a project manager and successor to the famous open-source package manager Brew. Created by Max Howell, T.xyz aims to address the lack of compensation for open-source software developers. It allows users to install packages across various ecosystems, such as NPM and Rust, and builds a dependency tree to map out projects' dependencies in the open-source ecosystem. On top of this logical infrastructure, T.xyz develops an economic infrastructure that enables users to support their favorite open-source projects through donations or token staking. The goal is to create a system where open-source developers can be well-funded, allowing them to focus solely on their projects and quit their corporate jobs.
The Value of Open Source Software
Open-source software plays a significant role in our digital infrastructure and generates billions of dollars in economic value. However, many open-source software developers often go unpaid. T.xyz aims to address this fundamental issue by providing a solution that rewards and funds open-source software developers. By creating an oracle on-chain that ranks projects based on importance, T.xyz ensures that even deep infrastructure projects, like Core JS, receive funding. With its innovative approach and incentive mechanisms, T.xyz hopes to transform open-source software into a trillion-dollar industry.
The Need for Funding Deep Infrastructure Projects
Deep infrastructure projects in open-source software, which are essential but often unnoticed or underappreciated, require financial support. T.xyz addresses this gap by establishing an economy around open-source software. Their protocol provides a decentralized reward mechanism that takes into account the importance of the packages and ensures that funding trickles down to those critical projects. By engaging the open-source community in Web3 and offering an internet-native approach to financing, T.xyz aims to bridge the gap between Web2 and Web3 and demonstrate the value of crypto in funding public goods.
Bridging the Gap between Web2 and Web3
T.xyz envisions a future where open-source software developers can quit their corporate jobs and work on their projects full-time, thanks to sustainable funding. By creating an ecosystem in which open-source software is financially rewarded, T.xyz seeks to provide a viable pathway for developers to build crucial infrastructure. The hope is that T.xyz, along with other projects like Gitcoin and Protocol Guild, will motivate more developers to venture into Web3, dispelling skepticism and demonstrating the potential for crypto to drive positive change within the open-source community.
----- How can we Solve Open Source Software Financing?
Joining the podcast today is Max Howell, formerly creator of the Homebrew Package Manager and current CEO of Tea.xyz. Open Source Programmers have not been properly compensated for their efforts, creating billions of dollars of value without making a single profit. Max is leveraging Tea.xyz to solve this exact problem.
0:00 Intro 5:25 What got Max into Tea.xyz 9:24 Solving Open Source Financing 15:10 What is Tea.xyz? 25:29 The Purpose of Tea.xyz 35:08 A Different Approach to PGF 37:03 How to get Involved 39:22 What would Success look like? 40:53 Closing Thoughts
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures
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