In this episode of Onchain Alpha Carl Cervone of Open Source Observer (Prev Hypercerts) discusses the importance of funding open source projects and the emergence of a culture of funding public goods in the Web3 ecosystem. He highlights the need for coordination and standards in the development of protocols and the role of open source in facilitating experimentation. Carl also explains the value of open source data and the role of the Open Source Observer project in connecting project work activities with on-chain data. He specifically mentions the impact of optimism in the L2 space and the ability to track and analyze data to prove its impact. The conversation explores the challenges of proving impact in the Web3 ecosystem and the role of data in measuring and incentivizing public goods. It discusses the need for impact data scientists and the potential of leveraging the social graph in open source networks. The conversation also touches on the importance of finding better metrics to measure impact and the opportunities for Web3 as more people get involved in impact data analysis.
Project website: https://www.opensource.observer/
Project Socials: https://twitter.com/osobserver
Carl Socials: https://twitter.com/carl_cervone
Takeways:
- There is a growing culture of funding public goods in the Web3 ecosystem, driven by the recognition of the interdependence and the need for collaboration.
- Protocols in the Web3 space require leadership that is focused on the long-term sustainability of the protocol and is willing to eventually step back and let the community take over.
- Open source projects in the crypto space have the advantage of being able to connect project work activities with on-chain data, allowing for better understanding and analysis of their impact.
- The Open Source Observer project aims to provide a platform for connecting project work activities with on-chain data, enabling the tracking and analysis of the impact of open source projects.
- Optimism has made a significant impact in the L2 space, and the Open Source Observer project has been able to track and analyze data to prove its impact. Proving impact in the Web3 ecosystem is challenging, but leading metrics like developer activity and user activity can provide some indication.
- The role of impact data scientists is emerging as a valuable skill set in the Web3 space.
- Leveraging the social graph in open source networks can enable new possibilities for measuring impact and identifying valuable projects.
- Finding better metrics to measure impact is an ongoing process, and being specific and detail-oriented is crucial.
- The opportunities for Web3 are vast as more people get involved in impact data analysis and contribute to the growth of public goods.
Crypto Consumer Chronicles | Creating memes and transcending narratives with $Degen
Impact Maker | Playful ways to meet Community Needs
ETH Denver 2024 - Fomojis Interview with Swayze and Donny Clutterbuck
Are We There Yet? - Ep 03 | IQ,wiki: The World's Largest Blockchain & Crypto Encyclopedia
Crypto Consumer Chronicles | Building a web3 equivalent of Patreon with Fabric
Onchain Alpha | Accelerating the analyst's data exploration journey with Allium
AI /\ web3 Series | pt 5 of 6 - Ryan Condron - Lumerin.io - Unrestricted Intelligence Summit
Onchain Alpha | Enabling rapid development of advanced data applications with Powerloom
AI /\ web3 Series | pt 4 of 6 - Melissa Turner - Millu.ai - Unrestricted Intelligence Summit
AI web3 Series | Pt 3 of 6 - Gary Sheng - Edge City - Unrestricted Intelligence Summit
AI Web3 Series - Pt 2 of 6 - Paul Allen - SOAR.com - Unrestricted Intelligence Summit
ETH Denver 2024 - Gonzo Journalism - On the Show Floor with Jon Ruth
Onchain Alpha | Andrew Hong - Making onchain data accessible with Dune
AI web3 - Series pt 1 of 6 - David Johnston - Unrestricted Intelligence Summit
ETH Denver 2024 - Voices from the BUIDL Hack-a-thon
Are We There Yet? | Gaming Part 2 with Dylan Abruscato from Crypto The Game
ETH Denver 2024 | Aavegotchi and Pixelcraft Studios
Onchain Alpha | Renee Davis Discusses Silk: The Fully Embeddable Account Management Tool
ETH Denver 2024 | Unlocking Potential with Unlock Protocol