Chris Dixon on Warpcast

Chris Dixon pfp

I’m excited to announce that we’re co-leading the $10M seed round in Merit Systems, which is building a new economic model for open source. Open source software is the lifeblood of the internet, but it’s poorly funded and too reliant on volunteer contributions. Merit is building a protocol that attributes and rewards contributors proportionally to the value they create. The goal is to enable code repositories to become the organizing unit for protocol networks, in the same way that companies are the organizing units for corporate networks. Merit was founded by @samrags and @rfs. As an @a16zcrypto investor and engineer, Sam developed Jolt, one of the fastest and most promising zkVMs. Similarly, Ryan excelled at Blockchain Capital as an investor and engineer. @mason, a gifted technologist and investor also from a16z, joined the Merit team to help them scale. We are excited to back the Merit team and support them with their ambitious mission.

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Chris Dixon pfp

None of the above should be taken as investment advice or an advertisement for investment services; please see https://a16z.com/disclosures/ for more information.

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soyboy pfp

Interesting! Did they draw any of their inspiration from Optimism’s Retro Funding?

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Trigs pfp

Curious how the reputation/merit system is being built. Is it a new, standalone infra solution or are they coordinating with an existing, composable reputation provider?

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0xZara.eth🎩 pfp

This looks incredibly exciting and promising! 🙌 Hoping that somewhere down the line, this leads to an easy-to-use open-source plugin for game engines: something that would allow all game devs to seamlessly benefit from the innovation. 🎮✨ https://youtu.be/vPFTEMb8vKA?si=FvKhmDa7QcuvKjJ9

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Arti Villa pfp

I love the theory but what quantifies as contribution? lines of code? dollars passed through software, functions executed? seems very wishy washy.

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Epdrabbit ⌐◨-◨ pfp

Epdrabbit ⌐◨-◨

👏 Open source promotes innovation, collaboration and transparency.

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Darianb.eth (Darian Bailey) pfp

Darianb.eth (Darian Bailey)

Sounds amazing!

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Valerie pfp

Love the idea of rewarding creators directly! It's one of the main reasons I made the move to web3 - to help enable this power shift.

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Danish pfp

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Metaphorical pfp

Love the idea, about to release some.

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nnce pfp

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ebeezy pfp

wen $MERIT 🦍 jk sounds like a necessary problem to solve, excited to follow along 🫡

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