Legitimate projects

Sources:

Discussions on legitimate projects and their development span several podcasts. Here are some insightful references:

  1. NFTs for a Cause: and discuss the legitimacy gained by NFT projects through philanthropic efforts. They highlight an NFT collection by Mac Mac, where all proceeds support youth impacted by HIV and AIDS. This initiative aligns with Vitalik's views on legitimacy through charitable donations 1.

  2. Blockchain Legitimacy: and talk about how all blockchains start as illegitimate and must earn their legitimacy over time. Trust is built through surviving market cycles and proving sustainability, analogous to how older blockchains like Bitcoin and Ethereum gain respect 2.

  3. Crypto Industry Insights: highlights the emergence of legitimate crypto projects post-ICO era. He explains that while some early projects raised substantial funds without tangible products, those that emerged after the initial boom and were resource-constrained often found product-market fit and became successful 3.

    NFTs for a Cause

    Discover how an upcoming NFT collection by Mac Mac is not only an opportunity for first-time buyers to enter the NFT space, but also a chance to support youth impacted by HIV and AIDS, with 100% of the proceeds going to the cause.
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  4. Legitimacy in Public Goods Funding: examines how public goods funding within the Ethereum ecosystem could gain legitimacy through fair processes and community participation. He suggests that mechanisms like Gitcoin grants, supported by community consensus, could establish a more legitimate and scalable model for funding public goods 4.

These discussions illustrate that legitimacy in crypto and NFT projects often stems from transparency, community involvement, enduring market conditions, and ethical practices.

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