Gitcoin

Gitcoin, a platform that empowers communities to fund, build, and protect projects, has shared data highlighting the effectiveness of their ecosystem funding approach. According to the data, every $1 million in their matching pools resulted in 13 full-time developers being retained, compared to only 0.1 for traditional venture capital funding. This self-funding strategy has proven to be a significant competitive advantage for Gitcoin's ecosystem.

Gitcoin is launching version 2.0 of its platform, which aims to revolutionize how capital is allocated through the use of blockchain technology. Key features include modular product suites that can be built upon, diverse funding mechanisms such as Quadratic Funding and Retroactive Public Goods Funding, and expansion to multiple Ethereum Virtual Machine (EVM) networks beyond Ethereum itself. The goal is to empower communities to fund, build, and protect public goods and support the growth of the Ethereum ecosystem.

At the recent Ecosystem Growth Summit at EthDenver, Kevin Owocki (@kbw) delivered a welcome address that delved into the evolving trends shaping the web3 landscape. His talk highlighted the nuanced shifts in investment strategies, emphasizing not just capital allocation but strategic and impactful engagement. Key trends discussed included broadening ecosystem expansion, enhanced investor confidence and capital influx, the strategic role of DeFi platforms, the evolution of revenue models and value propositions, and the global economic impact of web3. The full discussion and additional summaries are available on the event's microsite.

Gitcoin's Grants Stack is partnering with Venus Protocol for the Ethereum Mainnet Development Program. This initiative aims to support open-source projects, offer rewards for contributions, and foster the growth of the Ethereum ecosystem. Developers and community members are encouraged to participate in building the future of decentralized applications.

Gitcoin has announced that its latest grants round is entering its final week for applications. A total of 40,000 GTC tokens are available for matching contributions, with an additional 10,000 GTC reserved for the most impactful projects. However, with less than 30 applicants so far, Gitcoin is encouraging more participation from those who support its mission of empowering communities to fund, build, and protect important causes.

Grants Stack is excited to partner with Prisma Finance, a pioneer in DeFi, to support developers leveraging Prisma's protocol for the future of DeFi. Prisma Finance's innovative borrowing protocol aligns with the vision for a free and open ecosystem.

The proposal window for the #GG20 Community Round is currently open for those interested in applying for matching funds. Check out the details below.

Key points from the impact measurement panel include self-regulating mechanisms without evaluations, considering impact in relation to cost, using the most significant change technique for evaluation in web3 projects, moving beyond popularity contests for funding allocation mechanisms, negotiating impactful deals rather than offering free money, advocating for binary or quantitative evaluation metrics, and the importance of involving web2 evaluators in web3 projects to avoid past mistakes.

A concise message emphasizing the benefits of public goods.

Owocki from Gitcoin is currently presenting 'Public Goods Funding: The New Meta' live on stage. Watch the clip below to learn more.