Gitcoin Launches $1.25 Million Grants Beta Round Donation

On April 25th, Gitcoin announced the launch of Gitcoin Grants Beta Round donation, which will continue until May 9th. There is a matching fund of $1.25 million in the Core Round in Gitcoin Grants Beta Round. The five core rounds in this round of Gitcoin Grants Beta Round include Climate Solutions, ZK Tech, OSS, Community&Ed, and Ethereum infrastructure.

Gitcoin has activated Gitcoin Grants Beta Round donation

Gitcoin, a platform that connects web developers with open source projects, has announced the start of its Gitcoin Grants Beta Round donation. This round will continue till May 9th, 2021. A matching fund of $1.25 million has been set up for the Core Round of Gitcoin Grants Beta. The five core rounds in this round of Gitcoin Grants Beta include Climate Solutions, ZK Tech, OSS, Community & Ed, and Ethereum infrastructure.

What is Gitcoin Grants Beta Round?

Gitcoin Grants Beta Round is a platform that aims to sponsor open source projects, mainly focused on Ethereum infrastructure. This platform connects open-source projects with blockchain enthusiasts who are looking to make a positive impact on the blockchain ecosystem. By financially supporting these deserving projects, the Gitcoin Grants Beta Round aims to drive adoption and innovation in the blockchain space.

Why is Gitcoin Grants Beta Round Important?

The blockchain industry has become a significant technological advancement in recent years. However, most of the projects in the blockchain ecosystem operate on the principles of open-source and decentralized development. Blockchain development requires funds for research and development, which most of these projects lack. This is where Gitcoin Grants Beta Round comes in – it enables any individual to donate towards these open source projects, thereby helping drive innovation in blockchain technology.

The Core Rounds in Gitcoin Grants Beta Round

The Gitcoin Grants Beta Round has five core rounds, categorized accordingly:

Climate Solutions Round

The Climate Solutions round is focused on initiatives that target energy efficiency, sustainability and seek to implement carbonless solutions. The open-source projects supported in this round aim at building existing infrastructure and reducing emissions.

ZK Tech Round

The Zero Knowledge (ZK) Tech round comprises of open-source projects that focus on zero-knowledge cryptography, zk-rollups, and other off-chain solutions. The projects in this round aims to boost Ethereum Scalability using ZK-based solutions.

Open Source Software (OSS) Round

The OSS round aims to support open-source software for everyday use by network users, thereby ensuring that these projects can receive financial support for maintenance and improvement.

Community & Ed Round

The Community & Ed Round focuses on supporting the open-source projects in the blockchain community involved in education, advocacy, and community-building activities.

Ethereum Infrastructure Round

The Ethereum Infrastructure round comprises of open-source projects that aim to strengthen the Ethereum blockchain network through the development of new infrastructure, improvement of existing infrastructure, and ecosystem building.

How to Contribute to Gitcoin Grants Beta Round?

The Gitcoin Grants Platform has been designed to allow for easy contribution to numerous open source projects. Anyone interested in contributing to the grants beta round can follow the following steps:
1. Connect a Web 3 provider, like MetaMask, onto the Gitcoin Grants Platform
2. Browse the live rounds and browse the different open-source projects.
3. Use fiat, cryptocurrency, or a combination of both to give directly towards the project’s work.
4. Work toward impact by encouraging others to tip on Gitcoin grants

Conclusion

In conclusion, Gitcoin Grants Beta Round presents an opportunity for technology enthusiasts and blockchain supporters to make a positive impact on projects that promote open source software and decentralized development. This platform enables anyone to contribute towards initiatives that require financial support, ultimately driving innovation and adoption within the blockchain ecosystem.

FAQs

1. How does Gitcoin Grants Beta Round differ from regular crowdfunding platforms?
Gitcoin Grants Beta Round is a platform exclusively committed to supporting open-source projects that promote decentralized development.
2. How are the projects in this round of Gitcoin Grants Beta Round chosen?
The projects are chosen by Gitcoin’s community through community signaling mechanism in round donations.
3. Can someone donate towards more than one initiative in a single round?
Yes, anyone can donate towards multiple open-source projects in a single round.