Core introduces first revenue-sharing model for stablecoin issuers, devs
The new solution aims to create a sustainable revenue stream for builders, which may enable them to move away from fundraising via cryptocurrency launches.
The Core Foundation, the organization behind the Core blockchain, is launching a new revenue-sharing mechanism for the Web3 industry intended to shake up how stablecoin issuers and developers raise funds.
Rev+ claims to be the first protocol-level program that directly rewards developers, stablecoin issuers and decentralized autonomous organizations (DAOs) based on their created user value. Once launched, it will allow projects to earn revenue from user-generated gas fees on their blockchain applications.
It could provide a sustainable revenue stream for developers, who were previously forced to launch cryptocurrencies to raise project funds.
