The post Gitcoin Grants 21 launches with Arbitrum and Celo ecosystem rounds appeared on BitcoinEthereumNews.com.

Gitcoin has announced that the twenty-first edition of its grants program, Gitcoin Grants 21, is officially live and will feature ecosystem rounds for Arbitrum and Celo. The Gitcoin Grants 21 program went live on Aug. 7 and will run until Aug. 21, with Arbitrum (ARB) and Celo (CELO) ecosystems featuring in this latest edition of the quarterly funding program. According to a blog post by the decentralized crowdfunding platform, Gitcoin Grants 21 will focus on governance, partnerships, and community empowerment. Besides the two ecosystem rounds, the 11 quadratic funding rounds in GC21 will also include nine community rounds. Across the 11 quadratic funding rounds, Gitcoin Grants 21 will have over $800,000 in matching funds. Over $60 million distributed Gitcoin Grants launched in 2019 and offers a community-curated approach to project funding for builders within the Ethereum (ETH) ecosystem. According to details in the Aug. 7 blog post, the initiative has distributed more than $60 million through the support of 270,270,000 unique users. More than 3,700 projects have benefitted from the quarterly funding rounds. Arbitrum and Celo rounds GC21 support for Arbitrum will have a matching pool of 150,000 ARB and focus on projects targeted at decentralized applications, core infrastructure, and developer tooling. Meanwhile, funding for Celo will focus on real-world blockchain use cases, with projects around regenerative finance, real-world assets, and decentralized physical infrastructure. ReFi, RWA, and DePIN are some of the key blockchain sectors seeing huge traction. Celo Public Goods announced the launch of the Gitcoin Grants stack on the Celo blockchain in July, disclosing two initial rounds for real-world builders with a $75,000 and $100,000 matching pool, respectively. Funding for the Celo ecosystem will have a $75,000 matching pool in native stablecoin Celo Dollars. Source: https://crypto.news/gitcoin-grants-21-launches-with-arbitrum-and-celo-ecosystem-rounds/

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Filed under: News - @ August 8, 2024 7:16 pm