If you’ve ever dreamed of minting an NFT created by Vitalik Buterin, this is your chance! This team launched their quadratic funding theory with Glen Weyl and Zoë Hitzig as an NFT record. The drop includes the project’s 2018 whitepaper, a poem, and even physical prints signed by the three founders themselves! This open-edition NFT collection already surpassed 3,000 ETH in trading volume today, so let’s get an insight right now!
What is ‘The Quadratic Funding Record’?
To begin with, The Quadratic Funding Record is an open-edition NFT collection featuring a whitepaper called “Liberal Radicalism.” Released in 2018, this document explained a never-before-seen concept to the Web3 world: quadratic funding.
One record includes five types of digital assets as follows:
- Signed copy of the whitepaper “Liberal Radicalism;”
- The digital version of the whitepaper;
- One document explaining The impact of Quadratic Funding;
- A poem titled “Ode to QF.”
In addition, collectors can choose one of the record packaging options available too. Here’s an example of how they look:
Accordingly, twelve Signature Edition records will come with physical copies of the project’s whitepaper. Glen E. Weyl, Vitalik Buterin, and Zoë Hitzig signed each real-life asset with a starting price of 10 ETH.
What’s the Connection Between Vitalik Buterin and Quadratic Funding NFTs?
In short, Vitalik Buterin is one of the three founders who worked on developing the concept of quadratic funding and now its NFTs. Back in 2018, the Ethereum developer joined forces with RadicalxChange founder Glen Weyl and Zoë Hitzig, a Harvard economist, sharing the same goal: to revolutionize projects’ economy. Additionally, the core principle was for projects to direct their resources to benefit the most people involved.
The project whitepaper explains the mathematical theory behind quadratic founding exactly as its founders described it in 2018. For now, this idea seems to be interesting for thousands of NFT collectors who have already minted a digital Record.
How Will the Funds Be Used?
All funds generated from the Quadratic Funding NFTs will be distributed to three projects:
- Plurality Institute (20%)
- Metalabel (10%)
- Gitcoin (70%)
Gitcoin, the primary beneficiary of this NFT drop, supports new projects and brands’ web3 journeys on the Ethereum blockchain. Founded in 2017, the company now supports funding and the creation of public goods.
Meanwhile, the Plurality Institute brings together top researchers and creators from all fields, all ready to explore plural technologies. Overall, Vitalik Buterin and the founders at Quadratic Funding aim to use their NFTs to support other promising projects and creators.
Notably, this is the first drop in a new series by Metalabel titled “Quality Drops.”
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This article is educational material.
As always, make your own research prior to making any kind of investment.
