Building a public good is a very different game from building a regular product, and it is something that we still don't have a good mental model for.
For web3 products you can have a team, investors, early users who speculate on a return, etc.
For a public good it's mostly uncertainty on all fronts - but it's worth it

Building Impact - a Farcaster App to grow the creator economy (WIP). /impact

impact.abundance.id

Design, art, nature and tech 🖼️  | Growing /plantbased 🔵🌼 /webtree 🌳 and nfp.garden 🌸 | Building /alltimehigh ᖽ /regen 🍄

Agree there's def progress, esp thanks to Gitcoin, Optimism, etc. But we're operating at less than 0.1% of what we need to make an real dent in the world.

Easier to get funding for projects that show quick results. Hard for long term.

I'm working on a mechanism for self-sustainable PGF based on Consensus Value

I studied economics so always find the use of the term ‘public goods’ in this context a bit off, but if we use the term as most do in this space, crypto / web3 is one of the places where public goods (open source tools, apps, community initiatives etc) actually get funded quite effectively and efficiently…