Privatizing public goods investment in venture funds would help align incentives and lead to more sustainable financing for networks that have a social purpose, says Azeem Khan.

If you’ve spent any time in Web3, you’ve likely come across the term “public goods.” While its definition is often debated, the need to fund public goods is widely accepted by those who understand its importance. Key figures like Vitalik Buterin, the Ethereum Foundation, and organizations such as Protocol Guild, Octant, Optimism, and Gitcoin have made this a priority.

Traditionally, funding public goods has been seen as a charitable act. But what if there was another way — one that could drive innovation within the ecosystem while preserving the essence of public goods funding? What if we could transform some public goods into private greats?

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