Gitcoin announces the closure of its main software development department, Grants Lab, due to a lack of a sustainable profit model.

GateUser-6433627c · 2025-04-25T13:49:46+00:00

Gitcoin has decided to close its main software development department, Grants Lab, due to ecological changes and financial pressures. Team members are leaving, and the profit model is unclear, leading to unsustainability. Future funding applications will be abandoned and used for employee compensation. Gitcoin is committed to caring for employee transitions.

GateUser-6433627c

2025-04-25 13:49:46

Abstract generation in progress

On April 25, Gitcoin co-founder Kevin Owocki posted on social media that Gitcoin will close its main software development department Grants Lab and bid farewell to some outstanding team members. This is one of the toughest decisions since Gitcoin was founded. Behind this decision is the changing ecological environment: the funding methods for public goods are evolving, the L2 ecosystem is gradually maturing, collaborative mechanisms are constantly innovating, and new competitors are emerging. At the same time, key members of Grants Lab have left one after another, and the team currently lacks a clear and sustainable profit model, resulting in financial expenditures exceeding the bearable range. Therefore, Grants Lab will no longer apply for the budget for the second half of 2025, and the remaining funds will be used to provide severance compensation for affected employees. Gitcoin stated that they will do their utmost to support the transition of departing employees with respect and care.

GITCOIN4,57%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.