### Funding and Impact

- **Artizen Fund**: 
  - We conducted two rounds of funding through the Artizen Fund, distributing a total of $60,000. These funds supported pioneers in public goods and creators focused on sharing stories of displaced people, fostering social impact and community engagement.
  - One round was part of the Commons Fund initiative, emphasizing funding based on community impact rather than purely technical output. This approach has activated many of our collaborators and ecosystem newcomers to seek funding for their work.

- **Gitcoin Re-Granting Round**:
  - We have completed 85% of a re-granting round of $100,000 of funds entrusted to us by Gitcoin. The aim is to identify and financially support builders integrating Gitcoin’s grants stack, Allo Protocol, Passport, or other components. 
  - Grantees include Tomislav Mamic ([Muqa](https://muqa.org/)), who was recognized as an Ethereum Next Billion Fellow for the project he started in our residency, and James Farrell ([Hyperstaker](https://www.hyperstaker.com/)).

- **Builders Basic Income Fund**:
  - We launched the [Builders Basic Income Fund in partnership with Drips](https://www.drips.network/app/drip-lists/36167722434539895740687283110259945938004377627588501179309095983175), supporting three public goods builders with a continuous basic income.

- **Innovative Funding Mechanisms**:
  - Our residencies have facilitated the development of innovative funding mechanisms. One notable project is **MUQA**, a municipal quadratic funding (QF) initiative, highlighting our commitment to exploring and implementing novel approaches to resource distribution.
  - Other projects worked on during our previous residency include **Hypercerts**, **Octant**, **GainForest**, **impactMarket**, and several emerging projects. The full list of projects can be viewed [here](https://www.notion.so/e12a308f195f4d049d4372603d85d278?pvs=21).

- **Real World Web3 Public Goods Funding Pilot Grant**:
  - We completed our first Real World Web3 Public Goods Funding Pilot Grant to [Refunite](https://refunite.org/), an organization supporting one million refugees worldwide.
  - The grant was distributed on the Bitcoin blockchain in partnership with public goods funding infrastructure project [Fedi.xyz](https://www.fedi.xyz/), a tool for real-world community management of funds.

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### Future Plans

- **Funding the Commons RetroPGF**:
  - We plan to run our own Funding the Commons retroPGF this year. We’ve secured $40,000 in funding through the generosity of Protocol Labs and Gitcoin and plan to supplement this with a portion of the funds received from the Optimism retroPGF round 3.

- **Transition to On-Chain Governance**:
  - We are transitioning a portion of the Funding the Commons treasury to a distributed on-chain governance structure consisting of two membership types: proposers and voting members.
    - **Proposers**: Community members who have produced a Funding the Commons conference, residency, or hackathon in their region in coordination with our team.
    - **Voting Members**: Anyone who has previously attended a Funding the Commons event in the real world, as designated by event POAPs claimed. Enabling programmable attestation, these POAPs will provide the basis for participatory community decision-making around the allocation of organizational funds.

- **Real-World Pilot in Thailand**:
  - We are planning the launch of a real-world pilot in Thailand during Q4 of this year in partnership with real-world public goods funding infrastructure provider [CoalaPay](https://coalapay.org/) and various grassroots NGOs supporting displaced Burmese refugees.
  - CoalaPay is a public aid funding marketplace that makes it easier than ever to find and fund truly grassroots aid initiatives, enabling web3 communities and institutional philanthropists and foundations alike to achieve sustainable social impact.
  - The pilot will test crypto-to-fiat ramps connecting the international aid sector to marginalized populations, incorporate grassroots NGOs into the design and implementation of the pilot itself, and measure the impact of the funding.

- **Hyperboards and Transparency**:
  - We are actively experimenting with mechanisms like Hyperboards, in partnership with our collaborators at Hypercerts, to enhance transparency and efficiency in funding decisions.

- **Commons Fund Partnership**:
  - We are currently launching the Commons Fund in partnership with the [Open Impact Foundation](https://openimpact.foundation/).
  - Our initiative aims to enhance public goods infrastructure through the open development of key tooling and infrastructure. By leveraging blockchain technology and open-source solutions, the Commons Fund is set to support the growth of a sustainable framework for public goods.
  - Our mission is to catalyze the development and implementation of public funding infrastructure by funding both the builders of the infrastructure and the funding experiments that will enable the infrastructure to be tested in myriad environments.
