TLDR
Zuzalu is an innovative "pop-up city" designed to create an intentional community focused on learning, health, and coordination, supported by key figures like Vitalik Buterin and Gitcoin.
Gitcoin will showcase the Allo protocol and fund a Public Goods round for participants, pledging $100,000 from its matching pool to support Zuzalu's shared needs and public goods.
Quadratic funding, a democratic and equitable approach, will be employed to fund public goods, ensuring projects with community support receive the necessary financial backing.
Zuzalu aims to demonstrate Gitcoin's expertise in community building, grow public goods, foster dApp development, strengthen ties with Ethereum ecosystem innovators, and attract talent to its DAO.
The Ethereum community is buzzing with the innovative concept of Zuzalu, a "pop-up city" designed to create an intentional community focused on learning, health, and coordination. Supported by key figures such as Vitalik Buterin and in collaboration with Gitcoin, Zuzalu aims to become a model for future community-building endeavors.
The Plan for Zuzalu
Zuzalu will offer its participants housing, utilities, and other essential amenities, with the local government's backing and Vitalik Buterin generously contributing to a significant portion of the costs. Gitcoin has also partnered with Zuzalu to help ensure the project's success.
Gitcoin's Role in Zuzalu
As part of its involvement, Gitcoin will showcase the Allo protocol and fund a Public Goods round for event participants. Additionally, Gitcoin will pledge $100,000 from its matching pool to support Zuzalu's shared needs and public goods.
Quadratic Funding: A Fair and Democratic Approach
Quadratic funding (QF) is a groundbreaking method of funding public goods in a democratic and equitable manner. It is designed to help projects receive the support they deserve based on their community's backing.
The QF process involves:
Direct funding: People contribute to projects they care about.
Matching pool: A separate pool of funds is set aside to boost contributions.
Distribution: Projects receive matching funds based on the total amount raised and the number of unique contributors.
Broad support: The more unique contributors a project has, the more matching funds it receives, encouraging projects to reach wider audiences.
The magic of QF lies in its formula, which squares the sum of the square roots of each person's contribution to a project. This approach ensures that the allocation of the matching pool is heavily influenced by the number of unique contributors rather than just the amount raised.
Why Gitcoin Supports Zuzalu
By supporting Zuzalu, Gitcoin aims to achieve several objectives, such as:
Demonstrating its expertise in community building and funding public goods.
Growing public goods for the benefit of all participants.
Encouraging dApp development on the Allo protocol and Passport.
Strengthening ties with Ethereum ecosystem innovators.
Learning from Zuzalu to help future projects allocate funds effectively.
Attracting talent to its DAO and the regenerative side of cryptocurrency.
Timeline of Zuzalu
Zuzalu is scheduled to take place from March 25 to May 25, 2023, with Gitcoin's involvement extending throughout the event.
Benefits and Drawbacks of Supporting Zuzalu
Backing Zuzalu offers numerous benefits, such as showcasing Gitcoin's expertise, growing public goods, fostering development, and building relationships within the Ethereum ecosystem. However, there are potential drawbacks to consider, including resource allocation, capital investment, a distraction from other projects, and the challenge of measuring outcomes.
Conclusion
The Zuzalu pop-up city presents a unique opportunity for the Ethereum community, Gitcoin, and the growth of public goods. By working together, we can make a lasting impact on the way communities are built and supported, ultimately benefiting the entire ecosystem.
(This article is a curated chatGPT4 summarization of j9leger's GCP-005 Proposal, which PASSED on 4/10/2023)
