Gitcoin Blog

Web3 builders face many challenges when it comes to launching a new project. Not only must they code and design a new project idea, they must also get other people interested in it!

The Fantom Foundation is leveraging Gitcoin’s grants protocol for an initial round allocating 125,000 FTM to projects building within the Fantom ecosystem. Through the partnership, Fantom builders will be able to use the protocol to secure matched funding that helps sustain and grow their projects. 

Gitcoin is building.. And we are so excited to share this new future with you!

Web3 projects survive and thrive because of their communities.

Gitcoin Grants has helped projects from fundamental web3 primitives to organizations spearheading decentralized science research make their mark on the emerging space. The history of Gitcoin Grants is deeply intertwined with the history of Ethereum: from our first deployment of quadratic funding in 2018, we’ve helped countless projects make their grand visions into reality and, in the process, given developers, designers, artists, and builders of all backgrounds the opportunity to pursue values-aligned work sustainably.

Table of Contents:

• Tl;dr
• Introduction
• Main Round Results
• Ecosystem Rounds Results
• Cause Rounds Results
• When Payouts?
• Gitcoin’s protocol future

Gitcoin has helped to fund nearly $70 million in public goods over 15 rounds organized, operated, and protected by Gitcoin. 

In the beginning, it's all about survival. Sergej Kunz and Anton Bukov bounced through blockchain events and hackathons, taking their winnings from one event and moving on to the next. They took part in 17 hackathons around the globe and would sleep in the hackathon area or sometimes just not sleep at all.

Then, a typo in their Gitcoin grant application led to an extra $45k in grant funding going to the early development team of 1inch. This fortunate mistake was just one of the many contributing factors that helped them go from Gitcoin Grantees to Gitcoin Funders in just over two years. It has awakened an inspiration and a drive to give back to the world, and to the ecosystem that helped them build their own future. 

Diversity within a community creates resilience. Diversity within a community creates connection. When we bring individuals together - no matter their gender - we create a more inclusive environment. The open web reaches each and every corner of the planet, giving access to all. It has no prejudice, and neither should the people who pioneer within its space.

“The journey of a thousand miles begins with a single step. “ — Chinese proverb