The ENS Ecosystem Working Group has announced a new initiative to support open-source projects and their creators through the Drips Network for the next six months. A total of $50,000 USDC will be distributed to seven core projects including Wagmi, ethers.js, graphql-request, OpenZeppelin contracts, noble hashes, scure-base, and dns-packet. This program is part of ENS DAO’s efforts to recognize and reward essential OSS initiatives that are vital for the proper functioning of their systems.
ENS Embarks on a New Era of Financial Support with Drips
Through the Drips Network, ENS is pioneering continuous and transparent funding for crucial software dependencies. This initiative ensures immediate and secondary software dependencies are adequately supported, setting a new standard for sustainable funding practices in the digital ecosystem.
Eleftherios Diakomichalis, the mastermind behind Drips, believes that ENS is leading the way in establishing a cultural norm where on-chain organizations fund essential public infrastructure continuously. The simplicity and clarity of this method make it a model for future funding of public goods.
ENS Recognizes Foundational Projects with Drips
As the ENS ecosystem steward, Slobo.eth sees Drips as a remarkable opportunity to show support for open-source developers contributing to the ENS Ecosystem. ENS DAO’s decision to back projects that serve as the foundation of its system demonstrates appreciation for the vital role these projects play.
Drips Network not only supports primary software dependencies but also extends its reach to secondary dependencies, promoting transparency and sustainability in funding practices. By showcasing the success of ENS in nurturing digital infrastructure through decentralized funding mechanisms, other enterprises can learn from this model.
ENS Leads the Way in Supporting Open-Source Developers
This initiative emphasizes the importance of providing consistent and reliable funding for open-source projects to ensure their maintenance and development. By setting a standard for continuous financial support, ENS aims to strengthen and sustain digital infrastructure while empowering software projects and their creators to thrive.
In conclusion, ENS’s commitment to supporting open-source developers and fostering a healthy ecosystem reflects its dedication to driving innovation and growth in the digital space.