Gitcoin, an Ethereum-centric platform funding open-source development, is pursuing numerous initiatives. Metis and
Gitcoin have linked arms for a $100,000 Quadratic Round. Gitcoin's focus appears to be evolving towards patronizing the Ethereum ecosystem. Contradictions occur as the venture has chosen to close its Layer 2 network, PGN. The project engaged in valuable collaborations, such as Avalanche Foundation to launch a community grants program and Sei Foundation to initiate a substantial Creator Fund. The latter organization also collaborated with
Gitcoin to establish a $10M Creator Fund. Recent missteps, such as a costly GTC token incident causing the loss of $500,000 in GTC tokens, reflect some operational drawbacks.
Gitcoin token procurement process persists to gain traction as its guide is being widely circulated. The project is further enlivening the decentralization conversation by launching a decentralized identity product,
Gitcoin Passport, and exposing discussions about the open-source funding's unnerving silence. A relatively unknown event, Zuzalu, led by Vitalik Buterin, inspires grants for 'Zu-Villages', relating to
Gitcoin. Consequently, defying these criticisms,
Gitcoin appears to be expanding impressively, with its Founder taking center stage again, and emphasis on leveraging Web3 technologies to bolster dApp development.
Gitcoin News Analytics from Tue, 30 Apr 2019 07:00:00 GMT to Wed, 04 Sep 2024 15:40:33 GMT -
Rating 5
- Innovation 8
- Information 6
- Rumor 5
