[{"name":"json","type":"string","signature":"string json","value":{"name":"json","type":"string","value":"{\"amount\":\"\",\"description\":\"This grant was awarded to support the development and maintenance of Web3.js, a JavaScript library essential for interacting with the Ethereum blockchain and other EVM-compatible networks. The funds are being used to contribute to overall salaries and operating costs, which are critical to achieving outcomes such as enhancing developer onboarding, strengthening community support, expanding the Web3.js plugin ecosystem, and continuously improving the library's features, security, and plugin offerings. These efforts include working on the next major version (v5), improving performance, adding new providers, building more plugins, and moving Account Abstraction (EIP4337) into the core library, all while maintaining operational support and addressing critical issues.\",\"proposalURL\":\"https://discuss.octant.app/t/funding-for-web3-js-v4-plugins-a-goal-to-simplify-further-enable-developers/242/3\",\"title\":\"Octant Epoch 5\",\"assetAndChainId\":[\"0x0\",1],\"payoutAddress\":\"0x2Fcd65d9c8078644adCf1CB0cd70A1b61F3F9C5b\",\"questions\":[{\"type\":\"SUCCESS_MEASURE\",\"query\":\"How should the success of your grant be measured?\",\"explanation\":\"The success of the grant should be measured by the progress made towards achieving the outlined milestones, such as the completion of the v5 version of Web3.js, the addition of new RPC providers for additional revenue streams, the growth of the Web3.js Ambassador program and community engagement, as well as the expansion of the plugin ecosystem. Additionally, metrics such as the number of npm downloads, application dependencies, and the successful integration of new features like Account Abstraction (EIP4337) should be used to assess the impact and adoption of Web3.js within the broader Ethereum and EVM based chains developer community.\"},{\"type\":\"IMPACT_MEASUREMENT\",\"query\":\"What is the intended direct impact your project will have on the ecosystem?\",\"explanation\":\"The intended direct impact of the Web3.js project on the ecosystem is to significantly enhance the developer experience on Ethereum and other EVM-based chains by providing robust tools and resources that simplify the development of decentralized applications (dApps). This includes improving onboarding processes, expanding the range of plugins available, and fostering a vibrant community of developers. By lowering the barriers to entry and improving tooling, Web3.js aims to accelerate innovation and adoption across the Ethereum and EVM ecosystems.\"},{\"type\":\"IMPACT_MEASUREMENT\",\"query\":\"What is the long-term impact of your grant?\",\"explanation\":\"The long-term impact of the grant is to establish Web3.js as the go-to library for developers building on Ethereum and EVM-based blockchains, ultimately driving the growth and sustainability of the decentralized ecosystem. This includes enabling the seamless creation and deployment of dApps, enhancing security features, and expanding the plugin ecosystem to support a wide range of blockchain use cases. The project aims to foster a strong, engaged community that contributes to the continuous improvement and evolution of Web3.js, ensuring its relevance and utility for years to come.\"},{\"type\":\"FUND_USAGE\",\"query\":\"How will the grant funds be used?\",\"explanation\":\"The funding will be used to support the salaries and operational costs of the Web3.js development team, enabling them to focus on key initiatives such as enhancing developer onboarding, expanding the plugin ecosystem, strengthening community support, and integrating advanced features like Account Abstraction (EIP4337). Additionally, funds will be allocated to conducting workshops, supporting the Web3.js Ambassador program, and addressing critical security improvements to ensure the library remains a reliable tool for developers.\"},{\"type\":\"TIMEFRAME\",\"query\":\"What is the timeframe for the work funded?\",\"explanation\":\"The work funded by the grant is expected to be carried out over the course of 2024, with key milestones planned for completion by the end of Q4. This includes ongoing efforts to improve performance and reduce the size of the Web3.js library, the addition of new providers, and the development of new plugins and security features. Regular progress updates will be provided throughout the year to track the achievement of these goals.\"}],\"startDate\":1722290400,\"type\":\"grant-details\"}"}}]