Description
The Geo Web is an open-source project building credibly neutral infrastructure for an augmented, shared reality. It establishes a public consensus for experiencing digital media anchored to physical locations. The system is composed of several layers: a Digital Land Registry that functions like a domain name system for the physical world, using NFTs to represent digital land parcels; a Partial Common Ownership (PCO) model for land administration, which generates revenue for public goods funding; Cadastres, which are user interfaces for managing land and content; permissionless Spatial Browsers that use geolocation to navigate the network; a flexible Content Layer that supports onchain state and P2P storage; and a public goods funding mechanism where 100% of the PCO land market revenue is used to fund the ecosystem through methods like Streaming Quadratic Funding. The Geo Web generates network funds from its partial common ownership land market. These funds are designated to be invested into public goods and the creation of positive-sum outcomes. To maximize open participation in allocation decisions, network funds are initially and exclusively used to fund matching pools for quadratic matching rounds. This limits core contract complexity and the exercise of centralized authority for the Geo Web multi-sig, which is responsible for periodically transferring network funds to quadratic matching pool addresses. The project has run multiple funding rounds, including one in July 2023 that distributed 4 ETH across six projects, and a streaming quadratic funding pilot that launched in February 2024 in collaboration with Superfluid and Gitcoin Allo.