{"id":10445,"date":"2024-02-05T18:58:52","date_gmt":"2024-02-05T16:58:52","guid":{"rendered":"https:\/\/forklog.com\/en\/gitcoin-shifts-focus-to-ethereum-ecosystem-grants\/"},"modified":"2024-02-05T18:58:52","modified_gmt":"2024-02-05T16:58:52","slug":"gitcoin-shifts-focus-to-ethereum-ecosystem-grants","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/gitcoin-shifts-focus-to-ethereum-ecosystem-grants\/","title":{"rendered":"Gitcoin Shifts Focus to Ethereum Ecosystem Grants"},"content":{"rendered":"<p>The fundraising platform Gitcoin has announced a shift in focus from funding public goods to providing grants for the Ethereum ecosystem. This was revealed by the company&#8217;s CEO, Kyle Weiss, in an interview with <a href=\"https:\/\/blockworks.co\/news\/gitcoin-dao-restructure\">Blockworks<\/a>.<\/p>\n<p>Gitcoin has now established two business divisions. One will coordinate the team&#8217;s work on specific products, while the other will handle community and governance issues. According to Weiss, this will streamline processes and better align the company with a DAO structure.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe want to ensure stability in software development and then delegate substantial tasks to the DAO,\u201d he said.<\/p>\n<\/blockquote>\n<p>The executive noted the necessity of freeing the community from voting on technical issues, entrusting these to developers. Gitcoin co-founder Kevin Owocki agrees:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIt is not proven that DAOs can develop software, and this needs to be considered in our organizational structure to create world-class software.\u201d<\/p>\n<\/blockquote>\n<p>Meanwhile, the community will be able to focus on voting for funding programs.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe want Gitcoin to be more associated with grants. This shift is due to our evolution into a tech organization,\u201d Weiss added.<\/p>\n<\/blockquote>\n<p>Read more about DAOs, their advantages and disadvantages, in a special ForkLog feature.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fundraising platform Gitcoin has announced a shift in focus from funding public goods to providing grants for the Ethereum ecosystem. This was revealed by the company&#8217;s CEO, Kyle Weiss, in an interview with Blockworks. Gitcoin has now established two business divisions. One will coordinate the team&#8217;s work on specific products, while the other will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[306,80,1358],"class_list":["post-10445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-charity","tag-dao","tag-grants"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=10445"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/10444"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=10445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=10445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=10445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}