Gitcoin

The Gitcoin Grants Round 20 (GG20) has reached its halfway mark. As of April 28th, 2024, the campaign has raised a total of $170,000 through 42,900 donations from 13,700 unique donors. The four program rounds - Hackathon Alumni, dApps & Apps, Developer Tooling & Libraries, and Web3 Infra - have collectively received donations ranging from $4,200 to $48,000, with the number of donations and unique donors varying across each round.

Hypercerts, an Ethereum-based protocol for making and funding impact claims, is running its first community round on Gitcoin's grants platform. This marks a significant step towards Hypercerts' goal of building an interconnected funding network. The round aims to attract projects that integrate hypercerts into existing funding platforms, develop new applications built on top of hypercerts, build tooling to extend hypercerts' functionality, and pilot new use cases. Hypercerts has previously piloted its technology with Gitcoin rounds and retroactive funding initiatives, and has created hyperboards to visualize contributions. The roadmap includes releasing hyperboards, launching hypercert marketplaces, integrating with multiple funding platforms, and incorporating evaluation tools.

On April 17th, 2024, a community-focused platform celebrated its most successful funding round to date. The platform aims to empower communities by providing tools and resources to fund, build, and protect initiatives that matter to them. This latest funding round is expected to further the platform's mission and expand its reach.

Gitcoin retweeted information about the Universal Impact Pool by Endaoment.org, which aims to democratize philanthropy using the Allo Protocol. By pooling donations and distributing them based on community support, the initiative allows donors of all levels to participate in a large-scale, impactful giving process.

Gitcoin, a platform that empowers communities to fund, build, and protect open-source projects, has announced a new funding opportunity called the Hackathon Alumni Round. This initiative aims to provide financial support for open-source projects developed during hackathons to reach version 1. Gitcoin is encouraging all hackathon alumni to apply for this funding round, which will enable them to further develop and refine their projects.

Gitcoin, a platform that empowers communities to fund and build open source projects, has announced the launch of the Hackathon Alumni Round. This initiative aims to provide funding for open source projects to reach their first stable version (v1). Gitcoin is encouraging developers and project teams to submit their applications for this funding opportunity.

On April 2nd, 2024, there was a significant development in the realm of community-driven initiatives. Communities have begun coordinating efforts to fund public goods, which is being described as a 'magical' phenomenon. This grassroots approach to funding and protecting shared resources and infrastructure is gaining traction and is seen as a matter of importance.

Celo Public Goods and Clim8Collective have committed 50,000 cUSD to support Celo projects participating in the Climate Solutions Round organized by the Climate Program during Gitcoin Grants 20. Interested parties can find more information on how to participate in the blog linked in the tweet.

Gitcoin, in partnership with Coinbase and Zora, launched the #StandWithCrypto campaign in June 2023. The campaign involved minting a collectible blue shield NFT, with funds raised being distributed among five advocacy organizations: Coin Center, Fight for the Future, Fund DeFi, The Block Foundation, and the Blockchain Association. These organizations are at the forefront of driving regulatory clarity and reform for cryptocurrencies. The campaign galvanized a strong community movement and provided vital support to these advocacy efforts during a crucial time when the SEC's regulation-by-enforcement actions were in full swing. The Quadratic Funding round, managed through Grants Stack and powered by Allo protocol, enabled the community to rally and contribute to this important cause.

An analysis of quadratic funding rounds on Gitcoin with matching pools greater than $100K revealed a power law distribution, where the top 40 percentile of grantees claimed 80% of the matching pool in three out of four rounds. This raises questions about whether the capital allocation correlates with impact (impact asymmetry) and whether the distribution would hold without information asymmetry faced by donors about grantees. Projects like HyperCerts, Spark Eco, KarmaHQ, and OSObserver are tackling the impact asymmetry issue, while solutions like GrantsScope aim to address information asymmetry. In large rounds with hundreds of grantees, the brightest spotlight often falls on those with the strongest marketing muscle, potentially creating an uneven distribution of resources and opportunities, and diverting grantees' focus from creating meaningful impact.