Gitcoin 2.0: Transforming Capital Allocation
Gitcoin 2.0: Transforming Capital Allocation
馃殌 Funding Revolution Unveiled
Gitcoin is launching version 2.0 of its platform, which aims to revolutionize how capital is allocated through the use of blockchain technology. Key features include modular product suites that can be built upon, diverse funding mechanisms such as Quadratic Funding and Retroactive Public Goods Funding, and expansion to multiple Ethereum Virtual Machine (EVM) networks beyond Ethereum itself. The goal is to empower communities to fund, build, and protect public goods and support the growth of the Ethereum ecosystem.
馃攧聽Transforming Capital Allocation with Gitcoin 2.0 From pioneering public goods funding with Quadratic Funding to launching a wider, game-changing array of funding mechanisms, Gitcoin 2.0 is tapping into blockchain's power to transform how we allocate capital! 馃敆 Transition
Gitcoin GG23 Distributes $1.2M Through Multi-Mechanism Funding
Gitcoin's GG23 funding round introduced significant innovations in public goods funding: - $1.2M total distribution across all rounds - 9,991 unique donors contributed $95K - 235 early-stage OSS projects supported Key mechanisms: - Combined Quadratic Funding with Retroactive Funding - Launched Grant Ships for community governance - Piloted GTC token staking for round signaling The initiative represents a shift toward ecosystem-led funding, moving away from Gitcoin-led coordination. The platform is evolving into Gitcoin 3.0, focusing on improved fund distribution intelligence and community ownership. [Read full recap](https://www.gitcoin.co/blog/gg23-results-recap)
Builder Spotlight: Live Discussion on Ethereum's Future
A live discussion on X (formerly Twitter) this Friday will bring together key builders in the Ethereum ecosystem to discuss the state of Web3. Featured guests include: - Kyle Jensen (DAO Ops, Gitcoin) - Tobias Schrader (Product & Comms, growthepie) - Murthy (CEO, karma) - Patao (Head of Incubation, Stake Capital/Rekt News) Topics will cover what's working, what needs improvement, and future directions in the Web3 space. [Join the conversation on X](https://x.com/i/spaces/1OyKALrLmlMxb)
Gitcoin Sunsets Grants Stack, Returns to Core Mission
**Key Updates:** - Grants Stack shutting down May 27, 2025 - All data will be preserved and accessible via Open Source Observer - Previously staked GTC can still be unstaked after shutdown **Strategic Shift:** - Gitcoin returning to original Grants Program focus - GG24 relaunch planned for later 2025 - Emphasis on community-led initiatives **Reasons for Change:** - Operating costs exceeded revenue - Decision aims to protect treasury - Focus shifts to sustainable core operations **What's Next:** - More experimental, community-driven approach - Enhanced focus on Ethereum ecosystem - Data access guides coming soon Visit [Gitcoin Blog](https://www.gitcoin.co/blog/grants-stack-winds-down--heres-whats-changing-and-what-to-expect) for details.
GrantShips GG23 Voting Begins - A New Era for Gitcoin Grants
Gitcoin launches GrantShips GG23, an experimental framework transforming traditional community rounds into competitive Ships. Key features: - 6 selected community-led grant programs compete for $130K in matching funds - Performance evaluated on alignment, execution, and impact - Top 3 performers gain automatic eligibility for next round **Voting Details:** - Opens May 22 - Eligible: Holders of 100+ $GTC on mainnet - Vote at [gg23.grantships.com](http://gg23.grantships.com) The initiative implements an Evolutionary Cycle: compete, evaluate, learn, and improve - designed to enhance grant-giving effectiveness through community-driven iteration.
GG23 Staking Rewards Now Available for Claiming
**Important Update for GG23 Stakers** - GTC rewards are now ready for claiming at [claim.gitcoin.co](http://claim.gitcoin.co) - Unstaking feature is now live and accessible - Rewards will be distributed directly to eligible wallets **Timeline Overview:** - Results finalization completed - Unstaking opened May 16th - Rewards distribution started May 19th - Claims available until May 31st **How to Claim:** 1. Visit [claim.gitcoin.co](http://claim.gitcoin.co) 2. Connect your wallet 3. View and claim your GTC *Remember to claim your rewards before the May 31st deadline.*