The governance DAO of the prominent finance protocol 1inch is currently deliberating on a pivotal decision: whether to allocate a substantial sum of $150,000 in USDC towards the creation of a groundbreaking platform aimed at "educating newbies into experts in web3."

The proposal, aptly named 1IP-56, puts forth the notion of developing a novel bug bounty platform designed to facilitate crowd-sourced beta testing for upcoming web3 product releases. Interestingly, the inaugural product slated for testing on this platform is none other than 1inch itself, demonstrating the protocol's commitment to quality assurance and community involvement.

Tasked with spearheading the development of this innovative platform is xcrwd, a team of skilled coders hailing from Russia. Led by their founder, Danya, who also claims affiliation with 1inch Labs as a Quality Assurance specialist, xcrwd aims to leverage their expertise to bring this project to fruition.

The proposed budget of $150,000 encompasses various facets of the platform's development, including backend and frontend implementation, seamless integration of smart contracts, and meticulous design considerations. Notably, a portion of these funds, approximately $20,000, will be allocated towards rewarding contributors to the platform, underscoring the importance of community engagement and incentivization.

Central to the platform's functionality is its robust bug tracker, which serves as the cornerstone for users to submit comprehensive reports on identified issues. Approved reports will be duly rewarded, acknowledging the invaluable contributions of the testing community towards enhancing the overall integrity and reliability of web3 products.

The envisioned timeline for the platform's development extends throughout the year 2024, emphasizing a meticulous and comprehensive approach towards its implementation. With voting on the proposal slated to conclude on June 15, preliminary indications suggest overwhelming support, with an astounding 99.4% in favor and a mere 0.58% opposed.

As the crypto landscape continues to evolve and expand, initiatives like the proposed web3 crowd testing platform exemplify the industry's commitment to fostering innovation, collaboration, and robust quality assurance measures.