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.

Happy Art Advent Season!

We are distributing 3,333 OP to creators for the next 7 days.

To participate, simply cast a link to your Zora post in this channel. All channel members are curators so your `like` matters!

If you share someone else’s post, the original creator will earn the rewards.

https://rounds.wtf/art/art-advent-season-1

Base

Memes

My beautiful summer is already coming to an end

Farcaster

taiwan

Fun fact about Taiwan:

* Taitung (臺東, "Taiwan East") is further south than Tainan (臺南, "Taiwan South")
* Taipei (臺北, "Taiwan North") is further east than Taidong

In order to complete the cycle, this logically implies that we need to build a new city, Taixi (臺西, "Taiwan West") in this exact spot:

Ethereum

happy 9th birthday Ethereum 🥳

https://ethereum.org/en/history/#frontier

airstack

This is the official Moxiedrop claim frame

https://moxie-frames.airstack.xyz/mi

Cryptoart

Design

based evolution

“The United States’ advantage is decentralized and open innovation. Some people argue that we must close our models to prevent China from gaining access to them, but my view is that this will not work and will only disadvantage the US and its allies. Our adversaries are great at espionage, stealing models that fit on a thumb drive is relatively easy, and most tech companies are far from operating in a way that would make this more difficult. It seems most likely that a world of only closed models results in a small number of big companies plus our geopolitical adversaries having access to leading models, while startups, universities, and small businesses miss out on opportunities.”

Mark Zuckerberg - “Open Source AI Is the Path Forward”
https://go.fb.me/ceql4u

I just completed "W4: Forbidden Fruit - JT" on Layer3 -

I just completed "W4: Forbidden Fruit - JT" on Layer3 - https://app.layer3.xyz/quests/w4-forbidden-fruit

Max

@pianistpl