Ethereum scaler Optimism airdrops OP tokens
Popular Ethereum layer-2 scaling solution Optimism airdropped its new OP governance token to nearly 249,000 eligible wallets on Wednesday morning Asia time.
See related article: Vitalik Buterin: Layer 2 is the future of Ethereum scaling
Fast facts
The airdrop was first announced in an April blog post which outlined plans for the network to launch a decentralized autonomous organization (DAO) which will grant OP holders a vote within the community.
According to the blog post, this is intended to be the first in “an entire season of airdrops,” though the dates for future drops were not disclosed.
The stated intention of the DAO is to fund “public good” projects, such as open-source software, by using revenue generated from Optimism transaction fees.
Layer-2 scaling solutions sit on top of existing blockchain infrastructure and are designed to lower the cost and increase the speed of transacting on the network.
Optimism works by combining many separate transactions into a single bundle and then sending it through Ethereum’s network as a single transaction.
See related article: Polygon launches Miden for Ethereum scaling