Gitcoin Grants Beta Round: $1.25M Matching Fund

04/18/2023 10:50 • Blockchain Briefs • 85 views

On April 18th, Gitcoin announced that there is a matching fund of $1.25 million in the Core Round in the upcoming 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. The Beta round application must be submitted before 23:59 UTC on April 21 (07:59 Beijing time on April 22).

Gitcoin: There is a matching fund of $1.25 million in the upcoming Beta Round Core Round

Gitcoin, a platform that aims to fund and grow open-source software, has recently announced its upcoming Gitcoin Grants Beta Round. In this round, there is a matching fund of $1.25 million in the core round. The core rounds include Climate Solutions, ZK Tech, OSS, Community & Ed, and Ethereum infrastructure. This is great news for developers and innovators in these areas, as they have a chance to receive funding for their projects.

What is Gitcoin Grants Beta Round?

The Gitcoin Grants program is an initiative by Gitcoin to support open-source developers and projects. It allows developers to submit their projects and receive funding based on the amount of support they can generate from the community. The grants are distributed using the quadratic funding formula, which means that the more supporters a project has, the more funding it receives.
The Beta Round is a new round of Gitcoin Grants that provides funding for projects related to Climate Solutions, ZK Tech, OSS, Community & Ed, and Ethereum infrastructure.

How to Apply for Gitcoin Grants Beta Round?

To apply for the Gitcoin Grants Beta Round, developers need to submit their projects before the deadline. Applications must be submitted before 23:59 UTC on April 21 (07:59 Beijing time on April 22). Applicants can submit proposals that fit into one of the five categories. If the project cannot be categorized under any of the five categories, there is a catch-all category for other projects.

Gitcoin Grants Beta Round Core Rounds

Gitcoin Grants Beta Round’s core rounds are Climate Solutions, ZK Tech, OSS, Community & Ed, and Ethereum infrastructure. Here are brief descriptions of each category:
– Climate Solutions: This category includes projects related to climate change, such as carbon offsetting, renewable energy, carbon capture, and climate education.
– ZK Tech: This category includes projects related to zero-knowledge proof technology, such as ZK-snarks, bulletproofs, and STARKs.
– OSS: This category includes projects related to open-source software, such as new libraries, frameworks, tools, and applications.
– Community & Ed: This category includes projects related to community building and education, such as hackathons, workshops, and meetups.
– Ethereum Infrastructure: This category includes projects related to the Ethereum blockchain, such as scaling solutions, privacy, and interoperability.

Benefits of Participating in Gitcoin Grants Beta Round

Participating in the Gitcoin Grants Beta Round has many benefits, including:
– Funding: Developers get a chance to receive funding for their projects.
– Exposure: Developers get exposure to a large community of open-source enthusiasts, investors, and innovators.
– Collaborations: Developers can collaborate with other developers on similar projects and build a network of like-minded individuals.
– Recognition: Developers get recognition for their work and contribution to the open-source community.

Conclusion

The Gitcoin Grants Beta Round provides an excellent opportunity for developers to showcase their projects and receive funding. With the matching fund of $1.25 million in the core round, the competition is expected to be fierce. Developers need to submit their applications before the deadline to stand a chance to receive funding.

FAQs

What is Gitcoin?

Gitcoin is a platform that aims to fund and grow open-source software projects.

What is the Quadratic Funding Formula?

The Quadratic Funding Formula is a mathematical formula that distributes funding to projects based on the number of supporters they have.

What is the deadline for Gitcoin Grants Beta Round?

The deadline for Gitcoin Grants Beta Round is 23:59 UTC on April 21 (07:59 Beijing time on April 22).

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