Gitcoin GG23 Distributes $1.​2M Through Multi-Mechanism Funding

πŸ€” $1.2M But Who Decides?

By Gitcoin
May 26, 2025, 2:44 PM
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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.​

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