Gitcoin

Gitcoin is launching **version 3.0** with a fundamentally different approach to funding decisions. The new system operates as: - A **network of minds** connecting community members - A **problem mapping system** to identify real needs - A **collaborative decision framework** for funding allocation This represents a shift from trend-based funding to **network-first funding** that prioritizes what actually matters to communities. The process involves structured community input, interviews, and theme mapping to ensure resources go toward solving genuine problems rather than chasing popular trends.

**Gitcoin shifts the adoption narrative** beyond simple wallet counts and user metrics. The platform emphasizes that true crypto adoption requires: - **Builders who commit long-term** to projects - **Growing communities** that sustain ecosystems - **Compounding infrastructure** that creates lasting value Gitcoin positions itself as the funding mechanism ensuring these critical elements receive proper support. The focus moves from vanity metrics to **sustainable ecosystem development** through targeted grants and community funding initiatives. This approach recognizes that lasting crypto success depends on **foundational elements** rather than surface-level adoption numbers.

**Gitcoin community discussion** featuring @owocki and @sovereignsignal goes live in one hour. Key highlights: - Forum insights and decoding session - **GG24 vibes** and community updates - Interactive discussion format The session builds on recent active forum discussions covering various ideas, tradeoffs, and community questions. **Join the live conversation** to engage with Gitcoin's latest developments and community initiatives.

**Gitcoin takes a contrarian approach** to grant funding by backing experimental projects before they prove themselves, rather than funding already-established successes. This strategy enables **asymmetric betting** - small investments in unproven ideas that could yield massive returns if successful. While most grant programs play it safe with proven concepts, Gitcoin's model: - Funds early-stage experiments - Takes calculated risks on emerging ideas - Creates opportunities for breakthrough innovations This approach has historically produced significant results, with many Gitcoin-funded projects becoming essential crypto infrastructure used ecosystem-wide.

The crypto space demonstrates a stark funding paradox: **$50 million flows into dog-themed meme coins** over a single weekend, yet the essential open-source infrastructure enabling these very trades struggles to find basic funding. This highlights a critical gap in crypto's priorities: - Speculative assets receive massive capital instantly - Core infrastructure projects remain chronically underfunded - **Gitcoin emerges as a solution** to bridge this funding disconnect Gitcoin's mission focuses on **funding the unglamorous but essential** - the protocols, tools, and infrastructure that power the entire ecosystem. While traders chase quick gains on meme tokens, the platform ensures developers building foundational technology can pay their bills. The irony is clear: without robust infrastructure, those weekend meme coin trades wouldn't be possible. Yet the market consistently overlooks these critical building blocks in favor of flashier investments. **This funding imbalance threatens long-term ecosystem health** - sustainable growth requires supporting both innovation and the infrastructure that enables it.

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)

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.

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 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)

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)