Municipal Quadratic Funding Initiative - Split, Croatia

Description

"The city of Split, Croatia is piloting an innovative new system for deciding how to fund municipal infrastructure projects. Called "quadratic funding," the mechanism aims to fairly account for both public and private preferences when allocating limited budget resources.

A coalition of organizations including BlockSplit, Funding the Commons, Gitcoin, and the City of Split launched the Municipal Quadratic Funding Initiative in September 2023. The project goals include implementing quadratic funding for prioritizing public spending, utilizing web3 tools to increase transparency and participation, and demonstrating the potential of these technologies to improve legacy processes."

(https://daotimes.com/this-city-pilots-web3-quadratic-funding-for-public-infrastructure/)