Vitalik Buterin's quadratic funding notes raised 40 ETH for an open-source grant program. He and others are auctioning off NFTs on Cryptograph for charity.
Updated May 9, 2023, 3:09 a.m. Published Jul 14, 2020, 7:55 p.m.
Ethereum founder Vitalik Buterin with his quadratic funding formula.
British startup Cryptograph launched this summer with its first round of auctions, raising more than $50,000 so far, with two days still to go.
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Prominent crypto developers and entrepreneurs including Gitcoin CEO Kevin Owocki, ShapeShift CEO Erik Voorhees and Parity co-founder Jutta Steiner auctioned digital autographs and notes related to their work. The digital doodles are used to generate non-fungible tokens (NFTs).
The top earners so far include Ethereum creator Vitalik Buterin (whose notes sold for 77.35 ether ETH$3,118.35, or roughly $18,719), Ethereum Foundation researcher Vlad Zamfir (25 ETH, roughly $6,050) and Tezos co-founder Kathleen Breitman (5 ETH, roughly $1,204).
According to Buterin’s auction page, the autographed NFT includes his own “hand-drawn representation of this groundbreaking Quadratic Funding formula.” The bid for his digital autograph will go towards Gitcoin’s open-source grant programs.
Ownership of the autographs, displayed in a virtual gallery, is publicly verifiable. Plus, contributors will be able to distribute funds across multiple charities.
New week, new #Cryptographs. Who's are you most excited to see?
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