Layer-2 blockchain Public Items Community launched a testnet on July 7, promising to spend “the overwhelming majority of web sequencer charges” on public items as a substitute of paying them out to the event workforce or token holders, based on an announcement from the community’s builders. In economics, a “public good” is an efficient that can not be produced for revenue as a result of it’s tough to exclude non-payers from its consumption.
The brand new community was developed by the identical workforce that created Gitcoin, a venture that seeks to boost funds for open-source tasks. Public Items Community is being constructed utilizing the OP Stack, that means that it might probably change into a part of the proposed “Superchain” that will embody Optimism and Base networks.
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