The post Gitcoin Co-Founder Announces Grants Lab Shutdown appeared on BitcoinEthereumNews.com.

Gitcoin decided to shut down Grants Lab due to financial sustainability challenges and key team members’ departures. Gitcoin will continue focusing on its core programs like Gitcoin Grants and HumnPassport with a leaner team structure. Shocking news came from Gitcoin co-founder Kevin Owocki. In an open statement, he announced a tough decision that had to be taken: Gitcoin officially shut down Grants Lab, their main software development unit. “Today, I am sharing one of the hardest decisions we have had to make since Gitcoin was founded,” Owocki wrote. He added that several talented and mission-aligned team members had to part ways, after a thorough discussion with them. Today, I’m sharing one of the most difficult decisions we’ve had to make since the inception of Gitcoin. We’ve made the call to wind down Grants Lab, the primary software development unit behind Gitcoin, and are parting ways with several deeply talented and mission-aligned team… — Kev.Ξth (@owocki) April 25, 2025 Grants Lab’s Struggle Amid Web3’s Rapid Transformation Undeniably, the rapid changes in the Web3 world are one of the main factors behind this decision. On the other hand, Gitcoin sees that the Layer 2 ecosystem is maturing, new coordination is emerging, and many new players are starting to enliven the public funding space. Furthermore, the departure of several key Grants Lab members has made the team’s direction less solid, making it difficult to maintain the work culture that had previously been built. Perhaps the most difficult is the fact that Grants Lab has not found a sustainable financial path. While Gitcoin remains active overall through programs such as Gitcoin Passport (now known as HumnPassport), Gitcoin Grants Program, KERNEL, Public Works, and Allo Capital, the Grants Lab expenses have exceeded their ability to survive. With all of this in mind, Gitcoin has decided…

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Filed under: News - @ April 26, 2025 7:24 am