neofunder's blog
On signaling in philanthropy and the role of Rovas
Recently, an article appeared in Project Syndicate by the Nobel laureate professor Michael Spence, calling for a mechanism that strongly resembles Rovas and certain of its functions. Here is the relevant part from the article (emphasis added):
Development status update — verification and project forex
We have two new functions in Rovas:
The NEO way to finance collaborative and FOSS projects
In my previous article, I wrote among other things about the chronic lack of funding, faced by the maintainers of FOSS, collaborative and other volunteer projects, and attempted to explain its cause. I also pointed out that most of the projects are underfunded, regardless of collectively generating over a trillion USD/year of estimated economic value.
Development status update — investing
Today we announce a new Rovas function allowing users to invest their Chrons into projects. Investing has several benefits for the investor, the recipient project, as well as for the NEO economy.
Benefits for the project
Development status update
In the last blog entry the following course of action was announced:
"...The Rovas application will be tested for any bugs, usability and overall functionality issues. In the meantime a basic API will be developed that will allow third-party applications to interface with Rovas. The first application the API will be tested with will be the existing, but redesigned x-country skiing portal nabezky.sk, which will be transformed into an universal outdoor sports portal (cycling and x-country skiing initially)...."
Development status update — beta 2
The new version of the application brings some major changes: