What is OpenGift?
OpenGift is a platform where OSS projects publish information about their development goals and progress. The platform analyzes metrics and creates a project profile for investors and sponsors. Tokenized project shares are then distributed among team members and investors, while sponsors can finance development of software they need.
The platform is integrated on the Hyperledger blockchain on which smart contracts process and guarantee fair and transparent earnings distribution. Such a system also allows backers to prioritize some projects’ goals over others, or set up new projects.
One of the platform’s key features is collective financing of new tasks and projects. Not only developers can propose their projects for donations, but also companies and users. As a result, companies can cut 50-80% of their software development costs, while paying developers 3x to 5x more for the same tasks. Even so, OpenGift’s vision is much more ambitious and global.
The OpenGift platform is the first step to creating an ecosystem in which sponsors and investors could clearly view a project’s progress, the problems it aspires to solve, its interconnection with other projects and its importance for the ecosystem as a whole.
The platform makes OSS more understandable for those without IT expertise, and makes OSS more compelling for crowdfunding because users are able to decide which features to invest in.
OpenGift connects businesses , developers and contributors in one ecosystem that speeds up project development and makes software products completely free to use.