Ethereum's Optimism (CRYPTO:OP) earmarks $3.3 billion in OP tokens to support blockchain projects, allocating 20% of its total token supply for funding.

The Optimism Collective plans to distribute 850 million OP tokens in four rounds starting from May 2024.

Bobby Dresser, COO of the Optimism Foundation, highlights the significance of this allocation, with $158 million worth of tokens distributed in the first three rounds.

Retroactive public goods funding (RPGF) rounds allow community voting to reward contributions to infrastructure, governance, and development tools.

The initiative aims to support individuals contributing to the blockchain ecosystem, fostering innovation and growth.