The software company will reduce the scale of its operations to focus on sustainability.

The team aims to distribute $1 billion over the next "several years," it said.

Crowdfunding Project Has Faced Community Criticism Over Recent Initiatives

Oil Giant Will Contribute To Climate Rounds For The Next Four Quarters, GTC Drops 8%

Partnership With Index Coop Will Let Holders Contribute To Public Goods

Round Will Run From Jan. 17 Through Jan. 31

Kevin is the founder of Gitcoin a project that helps crowdfund public goods and software developments on the Ethereum blockchain. With 300,000 developers and over 25,000 funders involved in the project the scaling has been plain to see. How was Gitcoin created and how did Kevin even enter this space in the first place? Founder…

Gitcoin's new quadratic funding offering is stimulating fresh debate about the novel mechanism.

In a fresh move to bootstrap Gitcoin’s DAO, holders of the protocol’s GTC token voted to add a $50K category to its grants program. Gitcoin, a funding platform that supports open source development, typically concentrates on what it calls Grant categories. These include “Infrastructure Tech” and “Dapp Tech.” But Gitcoin released its DAO last month…

Gitcoin has been funding open source projects for a more decentralized web since 2017 and now it’s decentralizing itself. Yesterday the Ethereum-focused startup announced it will be now governed by a DAO and holders of its new token, GTC. The first step in this gradual decentralization was to issue 100 million GTC tokens, 15 million…