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Ethereum News July 7, 2023

Public Goods Network launched, intends to use sequencer revenue to support the Ethereum ecosystem and other public goods

The Public Goods Network (PGN), a Layer 2 network based on the OP Stack, has been launched and intends to use most of the sequencer net income to support the Ethereum ecosystem and other public goods.

At present, the deployment and infrastructure of PGN are ready for testing, and the cross-chain bridge, transaction view, block explorer and core infrastructure are ready.

6 months after mainnet launch, fees will be assessed and distributed based on accumulated impact data, and can join the network to collaborate in determining how sequencer fees will be distributed.

PGN commits to at least two years of experimentation, allows partners to run DApps on PGN, and supports public goods funding.

PGN is a highly composable EVM-compatible rollup supported by Protocol Guild, Public Nouns, Clr.fund, Giveth, Hypercerts, Protocol Labs, Octant, Eco, Hedgey, and Gitcoin.

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