The Gitcoin Program Alpha Round: Results & Recap
Since its launch in 2019, Gitcoin Grants has been a powerful tool leveraged by Gitcoin's community and our partners to fund digital public goods and beyond. Powered by Quadratic Funding, our grants program has distributed over $50M, all done democratically. We couldn’t do any of it without our matching pool funders—champions of public goods and supporters of innovation who pool the necessary resources in support of thousands of grantees from all over the world. We sincerely thank you as we embark on our next chapter—the launch of Gitcoin Grants Stack, a suite of open-source tools aimed at empowering communities to fund what matters most to them.
Fantom successfully completed their first Quadratic Funding round on the Gitcoin Grants Stack. Revamping the Fantom Incentive Program with more avenues for community feedback and transparent funding, Fantom used Gitcoin’s new open funding protocol to distribute 125,000FTM in matching incentives to support projects building on Fantom. The stack was used to manage applications from community projects, as well as a week-long quadratic funding contribution period where the community donated around 240,942 FTM to over 85 projects.
Numerous Internet-based social entities need help ensuring each individual is a real person and does not set up multiple accounts. Sybil attacks rely on an attacker creating numerous identities that are not easily distinguishable from legitimate users. By creating a mechanism to detect and reject these false identities, web3 communities can be kept safe from malicious actors. Most existing digital identification solutions are either centralized (like national ID cards) or based on an individual (like most "self-governed" identity designs). But, identity is typically intersectional and social; everyone has different information and connections with a unique set of others. This case study will review how Bankless Academy adopted a curated approach to integrating with Gitcoin Passport to defend against malicious actors earning learning credentials.
New funding mechanisms are needed to overcome limitations in traditional public goods funding. This necessitates offering fresh ways to incentivize contributions, broaden the pool of available resources, and ensure efficient allocation of funds. Gitcoin has been deploying blockchain technology to establish decentralized funding mechanisms that facilitate more transparent and streamlined funding of public goods. Gitcoin and Index Coop are partnering to create Gitcoin Staked ETH Index (gtcETH) to take this ambition further. The objective of a new ERC-20 token is to provide diversified exposure to the top liquid staking tokens enabling users to earn staking rewards and contribute to public goods simultaneously.
In December, as part of the Alpha Round Test Season, we kicked off with UNICEF's round to be the first to test our new grants protocol. We are excited to have begun this season with one of the largest NGO's, and welcoming so many incredible grantees to participate.
Gitcoin is pleased to announce the winners of the “Outstanding Steward Award” for 2022
Illuminate Hack/22, Moonbeam’s latest hackathon featuring 4 of the most prominent protocols in the General Message Passing (GMP) space, recently wrapped up. Allow us to take you back to recap the event and dig into some of the coolest connected contracts dApps that emerged from the hackathon.
Decentralized notifications have the potential for a robust notification ecosystem without the centralized drawbacks of web2 notifications. Applications need better methods to communicate with users quickly and in response to events other than Twitter, Discord, or email. Users deserve to control what notifications they receive and should benefit from the open-source nature of web3 by requesting notifications about protocol behavior.
A post on the state of the regen web3 ecosystem—including a breakdown of top organizations to be aware of, as well as some interesting predictions about what 2023 might have in store for the regen ecosystem.