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 👇
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.*