Gitcoin

Gitcoin unveils strategic plans for GG24, marking a significant evolution in their grants program. Key changes include: - Enhanced focus on measuring and maximizing impact - Opening platform to community operators - Implementation of new sensemaking frameworks The initiative aims to build a more robust and community-driven funding system. Community feedback is actively being sought through their governance forum to shape the program's future. [View full proposal](https://gov.gitcoin.co/t/gg24-structure-strategy-and-timeline/22878/1)

The evolution of Web3 funding is entering a critical phase where multiple mechanisms are being tested simultaneously in real-world conditions. This approach goes beyond simply selecting funding tools - it's about forging them through practical application. Key points: - Funding mechanisms are being battle-tested in open environments - Multiple tools can work together synergistically - Real-world usage helps harden the entire ecosystem - Focus on practical effectiveness rather than theoretical benefits The goal is to discover which coordination tools truly work through active implementation rather than theoretical discussion. This empirical approach helps strengthen the overall funding infrastructure.

**Important Deadline Alert** - Final submission deadline: August 15th - Voting deadline: August 13th Community members are reminded to complete their submissions and participate in the voting process. These are critical dates for the project's progression. *Take Action Now:* - Review your submissions - Cast your votes - Mark these dates in your calendar

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)

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)

**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.