Season 4. Ep. - 10 - Future of On-Chain Capital Allocation W/ Austin Griffith
Apr 18, 2024
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Austin Griffith, an expert in on-chain capital allocation, discusses the future of funding sources, organization building, and the exploration of next on-chain apps. Topics include strategies for empowering developers in the Ethereum ecosystem, innovative web 3 applications, and the importance of developer tokens within a build guild.
Unique capital allocation mechanism at Build Guild reallocate funds to high potential developers.
Grants encourage ongoing contributions in Web3 by rewarding completion and shipment of projects.
Future of Ethereum includes mainstream adoption and blockchain solutions to global challenges.
Deep dives
Building a Coordination Network Society
The Green Pill.Network podcast focuses on building a coordination network society of hackers, dreamers, and doers using crypto to bring positive digital systems to the world. By featuring individuals like Austin Griffith, who founded Build Guild, a developer collective, the podcast explores new ways of capital allocation in an on-chain world and emphasizes the importance of onboarding developers into the Web3 space.
On-Chain Capital Allocation at Build Guild
At Build Guild, developers are funded through a unique capital allocation mechanism. The Wyoming Dow LLC, acting as a multi-sig entity, reallocates funds to up-and-coming developers who show high impact potential. Through initiatives like Speedrun Ethereum and Scaffold ETH, new developers are onboarded, prototyping tools are provided, and grants are allocated. This capital allocation system not only fosters new talent but also aims to incentivize sustained contribution within the Ethereum ecosystem.
Innovative Developer Funding Mechanisms
Build Guild's approach to developer funding extends beyond traditional practices. By providing grants to emerging developers, the organization encourages a continuous stream of contributions to the Web3 space. These grants are structured to reward developers for completion and shipping of projects, fostering a culture of consistent innovation and experimentation. The grants program serves as a stepping stone for developers along their journey, enabling them to experiment, learn, and contribute to the ecosystem.
Envisioning the Future of Web3
Looking forward, the podcast envisions a future where Ethereum's ecosystem thrives with mainstream users and various innovative applications. The focus shifts towards solving global issues like censorship, inflation, and geopolitical challenges through blockchain solutions. As the space evolves, the goal is to empower the next generation of builders who will create impactful products and drive mass adoption of decentralized technologies.
Exploring Frontier Technologies and Partnerships
Embracing the spirit of innovation, the podcast delves into cutting-edge technologies surrounding blockchain and Ethereum. From prediction markets to token-curated registries and beyond, the exploration of new frontiers in the decentralized space remains a key theme. Collaborative efforts and strategic partnerships, aimed at serving developers and advancing Web3, are highlighted as crucial tools for progressing towards a more inclusive and decentralized future.
00:00 Intro 03:49 Introduction of Guest: Austin Griffith 08:40 Description of BuildGuild 11:35 Grant Program in BuildGuild 15:04 Discussion on New Ways of Hiring 19:52 Diversification of Funding Sources 26:53 Future Vision of Success 32:54 Exploration of Next On-Chain Apps 37:25 Importance of Organization Building 39:26 Closing Statement SOCIALS:
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 Greenpill team writers hold crypto assets.
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