Grants are defined as “an award, usually financial, given by one entity to an individual or an organization to facilitate a goal or incentivize performance. Grants are essentially gifts that do not have to be paid back, under most conditions. In the crypto space these grants can be for a variety of purposes, some of which might serve The Common Good.
Grants and Public Goods Funding is primarily from foundations today (the shining example being The Ethereum Foundation). Programs and initiatives available from for profit entities like DAOs and decentralized protocols are a fast developing (and exciting) space that we will be exploring with our research. Like Ecosystem Funds, the incentives may be quantified in native tokens specific to the network or project but they are usually quantified, today, in $USD.
Grants and public goods funding is, by nature, an award given by one entity to another. These are typically governed by a formal process of review and approval that requires human interaction. New types of governance for grants through mechanisms like quadratic funding are emerging in our space that we will be learning more about through our research.