Gitcoin, a platform connecting developers and crypto projects with funding, has announced the closure of its core development team, Grants Lab. This event raises concerns within the community.
Grants Lab Shutdown Confirmed
The core development team behind Gitcoin, known as Grants Lab, is set to cease operations on May 31st. This decision is driven by the lack of a clear pathway towards profitability for Grants Lab, as sustaining public goods infrastructure in the Web3 space is notoriously challenging.
Impact on Gitcoin Grants
The shutdown of Grants Lab will immediately affect the maintenance and development of the Grants Stack product, a crucial tool for running grant rounds. Maintenance for Grants Stack will be discontinued, making updates and bug fixes from this specific team unavailable.
Future of Crypto Grants and Web3 Funding
This situation highlights the inherent difficulties in sustaining infrastructure for public goods within the decentralized ecosystem. Discussions are needed about how the Gitcoin community and DAO can effectively address this gap. Community support will be key in navigating this transition.
The Grants Lab shutdown on May 31st marks a significant turning point for Gitcoin and its funding system. Despite uncertainty around the future of Grants Stack, the platform is expected to continue operating, relying on the decentralized efforts of its community.
