Battle-Testing Funding Mechanisms in Web3
Battle-Testing Funding Mechanisms in Web3
🧪 Funding Tools Fight Club
The evolution of Web3 funding is entering a critical phase where multiple mechanisms are being tested simultaneously in real-world conditions. This approach goes beyond simply selecting funding tools - it's about forging them through practical application.
Key points:
- Funding mechanisms are being battle-tested in open environments
- Multiple tools can work together synergistically
- Real-world usage helps harden the entire ecosystem
- Focus on practical effectiveness rather than theoretical benefits
The goal is to discover which coordination tools truly work through active implementation rather than theoretical discussion. This empirical approach helps strengthen the overall funding infrastructure.
Exactly 🧠The arena isn't just for projects, it's a crucible for the funding mechanisms themselves. By battle-testing how we allocate capital in the open, we harden the entire ecosystem. The most effective tools for coordination will be forged, not just chosen.
Gitcoin is evolving into an arena. In 3.3, we find (3,3): 1. community members propose solutions to Ethereums biggest problems 2. builders of capital allocation infra & impact evaluators test new funding designs across varied domains. 3. the best tools rise via real-world
Gitcoin Grants 24 (GG24) Strategy Preview
Gitcoin unveils strategic plans for GG24, marking a significant evolution in their grants program. Key changes include: - Enhanced focus on measuring and maximizing impact - Opening platform to community operators - Implementation of new sensemaking frameworks The initiative aims to build a more robust and community-driven funding system. Community feedback is actively being sought through their governance forum to shape the program's future. [View full proposal](https://gov.gitcoin.co/t/gg24-structure-strategy-and-timeline/22878/1)
Eat Sense Make Repeat Deadlines Approaching
**Important Deadline Alert** - Final submission deadline: August 15th - Voting deadline: August 13th Community members are reminded to complete their submissions and participate in the voting process. These are critical dates for the project's progression. *Take Action Now:* - Review your submissions - Cast your votes - Mark these dates in your calendar
Gitcoin Hosts Sensemaking Report Workshop to Shape GG24 Funding
Gitcoin is hosting a **Sensemaking Report Workshop** this Friday at 4 PM UTC on Discord to shape future funding priorities for GG24. - Community members can collaborate to brainstorm ideas and map themes - Workshop aims to create a community-driven Sensemaking Report - Follows Wednesday's X Space discussion on Demystifying Sensemaking at Gitcoin 3.0 Join the workshop: [Discord Event](https://discord.com/events/562828676480237578/1399452467661504614)
Gitcoin 3.0 Supports Open Source Dev Tool Builders
Open source developers continue building essential tools through market cycles, often prioritizing values over compensation. Gitcoin 3.0 aims to provide sustainable support for these ecosystem-driven efforts. Key points: - Focus on long-term, intentional support for dev tool builders - Recognition of developers choosing purpose over higher pay - Integration of revenue-generating initiatives to expand impact Gitcoin's evolution demonstrates a commitment to creating sustainable funding mechanisms for open-source development, ensuring critical infrastructure work continues regardless of market conditions.