Public Goods Network (PGN), a Layer2 network based on OP Stack, announced on social media that after a comprehensive evaluation, it has decided to gradually end PGN in the next six months, with a tentative final time set for June 2024. PGN stated that if other teams or individuals wish to provide support or take over, they are willing to discuss. PGN aims to provide funding for global public goods, generate revenue through network sorter fees, and return these funds to the entire public product. PGN launched on the mainnet in July 2023, and in August 2023, Gitcoin Grants 18 launched on Public Goods Network.

In this essay, I will explore the concept of Network Common Goods, an approach designed to overcome the limitations inherent in Public Goods as applied to Blockchain Networks, offering a more comprehensive framework for understanding and supporting blockchain ecosystems. This idea, which combines the open accessibility characteristic of traditional Public Goods with the expansive, network-driven value of Network Goods, represents a shift in how we think about funding and supporting the goals of crypto networks, protocols and organizations.

LayerZero has announced the launch of the Public Goods Network (PGN). PGN is a layer 2 blockchain built on the OP stack, which is dedicated to creating funds for public goods through sorter fee allocation. Applications integrated with LayerZero can now add PGN as a supported network. Builders on PGN can extend their applications to over 40 blockchains with LayerZero endpoints.