Abundance Protocol - Novel Public Goods Funding Mechanism

Progress since last update:

Early version of Impact App is now live.

  • Users can curate content on Farcaster using Impact App’s Cast Action suite, and be rewarded through tips.

  • Users can easily browse and filter impactful content on Impact App, and tip multiple projects (using multiple currencies) with one tap.

  • Users can also schedule recurring automatic tipping of projects based on filters, so their tipping allowance isn’t wasted.

Short term goal now is to build out Impact App to align Farcaster’s tipping economy with the interests of communities, to allow individuals who create impact in the ecosystem to be noticed and rewarded for their work, and to build a system that incentivizes users to surface the most impactful work (instead of impact creators having to spend any time “shilling” their projects).

Long term goal is to allow self-sustainable ecosystem growth, where participants permissionlessly create impactful work that benefits the ecosystem, and ecosystems have an incentivize to reward impact to stimulate growth - an Abundance Economy

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