The Public Goods Network, developed by the team behind Gitcoin, has launched a testnet promising to allocate the majority of net sequencer fees towards public goods rather than token holders or developers. The network, built using the OP Stack, aims to become part of the proposed “Superchain” that includes Optimism and Base networks. Public Goods Network is an Optimistic layer-2 rollup of Ethereum and plans to reinvest most of its profit into public goods projects. The sequencer fees will be directed to an alliance formed based on a newly defined governance model, with the long-term goal of funding projects directly through sequencer fees using the EIP-6969 standard. The current network is connected to the Ethereum Sepolia network through an official bridge for developers to test applications. Gitcoin gained recognition for providing grants for open-source projects and public goods using quadratic funding.
