1. Redirecting net sequencer fees: The Public Goods Network from Gitcoin aims to redirect a significant portion of net sequencer fees towards funding public goods. This means that instead of these fees going to token holders or developers, they will be allocated towards projects and initiatives that benefit the wider community.
2. Prioritizing public goods: The Public Goods Network recognizes the importance of supporting public goods, which are goods or services that benefit society as a whole. By directing net sequencer fees towards funding public goods, the network aims to address the issue of underfunding in areas such as open-source software development, education, healthcare, and more.
3. Community-driven decision-making: The allocation of funds for public goods is not determined solely by the Gitcoin team or token holders. Instead, the Public Goods Network follows a community-driven approach, where individuals and organizations can propose projects and initiatives that they believe will contribute to public goods. The community then collectively decides on the allocation of funds through a governance process.
In summary, the Public Goods Network from Gitcoin is committed to redirecting most net sequencer fees towards funding public goods. By prioritizing community-driven decision-making and supporting projects that benefit society as a whole, the network aims to address the underfunding of public goods and promote the common good.