Gitcoin

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.

Gitcoin, a platform that facilitates funding for open-source projects, is exploring how blockchain technology can drive the next wave of collaborative innovation in the open-source software (OSS) and Web3 realms. Kevin Owocki, the founder of Gitcoin, will be speaking at the FTCBerkeley event on April 13-14 in San Francisco, where he will delve into the potential of Gitcoin 2.0 to become a catalyst for funding, building, and protecting public goods and open-source projects through community empowerment.

Gitcoin has announced the selection of 5 community rounds that will receive an additional $25,000 matching fund from the platform. The selected rounds are OpenCivics, Climate Program, Tecmns, Hypercerts, and ENS Domains. This decision was made by the Gitcoin Community Council, which stewards the process. Gitcoin expressed gratitude to the council and all those who submitted proposals for the funding round, highlighting the powerful ecosystem that cares about funding important initiatives.

Gitcoin, a platform that facilitates funding for open-source projects, has announced that OpenCivics has been selected by the Gitcoin Community Council as one of five Community Rounds to receive $25,000 in matching funds. With additional contributions from decivfund and Gitcoin, the next OpenCivics Grant Round will provide over $45,000 in matching funds for civic innovation projects.

At the Ecosystem Growth Summit in Denver, industry leaders Jinglan Wang, Callum Gladstone, Cooper Kunz, and Dawson Botsford discussed the evolution of airdrops as strategic tools for community engagement, user growth, and retention. They highlighted the importance of fair reward distribution, shaping user loyalty and behavior, and driving protocol adoption through airdrops. The discussion provided insights into leveraging airdrops effectively for ecosystem growth.

Gitcoin, a platform that empowers communities to fund, build, and protect projects, has received 80 applications for its latest funding round. The results of the evaluation process will be shared by March 29th. Applicants are advised to monitor their inboxes for further communication.