Our goal is to advance dApp development and adoption on Ethereum. We’re not seeking a financial return but we all have a vested interest in seeing Ethereum succeed which requires useful applications to be built on top. We have limited resources and we want to maximize our impact by funding projects wisely and leveraging our expertise and existing networks to help build successful products and drive their adoption.
I’d like to propose a set of criteria that we can use to evaluate funding proposals. Not all of these criteria would need to be met for a project to receive funding but in my view focusing on projects that have these attributes will help us maximize our impact:
- Applications not infrastructure
- The app should support behaviors that are repeated with some frequency
- It’s okay if the app is only used by a small number of people so long as it provides ongoing utility to those people.
- At this stage it’s preferable if the target users are members of the crypto community. People that care about crypto are more likely to put up with scaling and UX issues. This would also allow us to leverage our professional networks to drive adoption. Once we’ve funded a few apps that are successfully adopted by the crypto community and the UX has gotten good enough for mainstream usage we could loosen this up.
- The app can continue to be used and provide value without ongoing development, devops, maintenance, or marketing efforts
- The app should be simple and not require a large set of features in order to be useful
- The app is not something that can easily be funded by other approaches including equity, token sales, or ecosystem grants
- There aren’t other credible full-time teams working on similar apps
- The developed software is open source
- The app runs on Ethereum and other decentralized protocols
- The app produces or validates code, design patterns, mechanisms, data, or tooling that can be used to more easily build future dApps
This list is only meant as a starting point for discussion. Some points may be controversial and disagreement is encouraged. Are there any criteria that you would add? Any that we should remove?