Web3 Foundation has an open grants program that runs alongside our general grants program. Transparent and efficient, the new program is running on GitHub, funding projects that support the Polkadot ecosystem up to US$30K equivalent, administered in cryptocurrency. This represents a practical step on our mission towards building a fair and transparent internet.
The Web3 Foundation Mission and Vision
At Web3 Foundation we believe in an internet where individuals, not corporations, own their own data.
Over the past 50 years, digitization has changed our world dramatically. Developments in each generation of the web have brought us from the primarily static pages of Web 1.0 to the interactive system we know today: Web 2.0, where we not only read but can also publish our own content, and where economies like Airbnb and Uber can be created just by leveraging these distributed, interconnected platforms. Along with these advances came problems: a greater concentration of power, and centralized groups that we have to trust with our data. With the development of blockchain technology, we now have the ability to build “trustless” systems, where we don’t have to trust in the good intentions of the service provider. With this new technology, the rules and regulations can be built into the system, which will continue to run by these rules no matter who owns or runs it.
Blockchain is still at the early stages of development, and currently there are few ways for the chains offering services to interact. As part of our vision we are building Polkadot, technology that allows different kinds of blockchains to work together. This facilitates an ecosystem with the potential to create the next generation of the web, Web 3.0, in which you no longer have to trust a single party.
Our General Grants Program
Since 2019 we have been funding the development and advancement of decentralized open source projects, particularly those related to Polkadot and Substrate (our open source modular kit that makes creating a blockchain something that can literally be achieved in minutes).
So far, these grants have covered software development and research.
We welcome applications from individuals, companies, teams, and research institutions. Further information is available on GitHub and our template gives a comprehensive list of what is needed to apply.
A full list of the recipients of the grant and their projects can be seen on GitHub here.
Our Open Grants Program
In the general grants system, decisions are made offline by the Grants Committee, which meets every two weeks on average. An element of privacy exists in the application process, as submissions can be made via the google form link.
In contrast, our open grants program is completely transparent on GitHub. Like a blockchain, GitHub tracks everything that is done. Things cannot be deleted: even if something is overridden the full history of the file is available. So, when an application is submitted everyone can see it and can track the payment, because payments are only made in cryptocurrency.
For the recipients, the obvious advantage of this way of approving grants is that we are fully transparent, and the system is very efficient. Technically decisions can be made within a few hours of application. On May 6, 2020, the committee approved a grant application in less than three hours from the initial pull request to the final approval, including changes to the application itself. The time saved with bureaucracy can be used for doing more productive, fun things! More details on the grant and the application process can be found on GitHub.
Get more information in our blog Introducing Web3 Foundation Open Grants.
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