Gitcoin GG23 Distributes $1.2M Through Multi-Mechanism Funding
Gitcoin GG23 Distributes $1.2M Through Multi-Mechanism Funding
🤔 $1.2M But Who Decides?
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.
#GG23 marked a new chapter in how we fund what matters. Multi-mechanism funding. New governance experiments. Retro rewards for impact. The results are in — here’s what happened, and what it means for the future of OSS and public goods funding 👇
Fund What Matters
A community-driven initiative focused on sustainable funding mechanisms is gaining traction. The program aims to: - Connect resources with meaningful projects - Establish transparent allocation processes - Enable direct community participation in funding decisions The framework emphasizes long-term sustainability over short-term gains. Early results show increased engagement and more efficient resource distribution. *Key metrics demonstrate 40% better resource utilization compared to traditional models.* **Next steps include expanding the framework to additional sectors and refining governance mechanisms.**
Gitcoin Launches Sensemaking Season for Strategic Funding Allocation
Gitcoin 3.0 introduces **Sensemaking Season**, a 6-week initiative to align funding with Ethereum's most pressing needs. The process follows four key phases: - Phase 1: Community crowdsources key problems - Phase 2: Data and community validation - Phase 3: GTC holder voting on funding domains - Phase 4: Matching mechanisms to domains Participation options include: - Submitting reports - Sharing signals - Joining working groups - Contributing to design The initiative emphasizes community-driven decision making, involving builders, domain experts, GTC holders, and donors. [Join the discussion](https://gov.gitcoin.co/t/gitcoin-grants-24-strategic-sense-making-framework/20865)
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.