Gitcoin Takes Bold Steps to Focus on Grants

Gitcoin Takes Bold Steps to Focus on Grants

The post Gitcoin Takes Bold Steps to Focus on Grants appeared on BitcoinEthereumNews.com. Gitcoin, known for its role in facilitating public funding in the Ethereum space, has announced a major organizational change by closing its primary software development branch, Gitcoin Labs. The decision was influenced by co-founder Kevin Owocki, who stated that achieving profitability in the current financial environment was not feasible. Why Did Gitcoin …

Gitcoin Grants Faces Uncertainty Following Grants Lab Shutdown

Big news is shaking up the world of crypto funding and decentralized philanthropy. Gitcoin, a well-known platform connecting developers and projects with funding through quadratic funding and grants, has announced a significant change. Its core development firm, responsible for building and maintaining key parts of the platform, is set to close its doors. The Crucial News: Grants Lab Shutdown Confirmed The core development team behind Gitcoin, k…

Gitcoin to Shut Down Grants Lab

Software company Gitcoin announced that it will be winding down its Grants Lab, citing an unclear path towards profitability and a maturing L2 ecosystem.Gitcoin announced the move via a blog post today, and clarified that the shutdown is specific to the Grants Lab and the Grants Stack technology. Other Gitcoin offerings, such as the Human Passport and KERNEL, will remain operational.The company will not be omitting grant work entirely from its s…