Gitcoin and decentralized funding 2023

Azeem Khan added, “Participating in the ACS round powered by Grants Stack is a unique opportunity for individuals and organizations to contribute to the fight against cancer with blockchain technology.”

Kyle Weiss, Executive Director at the Gitcoin Foundation, and Nicole d’Avis, Protocol Lead at the Public Goods Network (PGN), have both expressed enthusiasm for these collaborative efforts. The PGN, an innovative project in the Gitcoin ecosystem, operates as a low-cost Layer 2 OP Chain, directing most of its net sequencer fees towards public goods. This initiative presents a cost-effective alternative to the Ethereum mainnet for users and developers, simultaneously generating funds for public goods through transactions. While open-source funding may not have captured mainstream media attention, entities like Gitcoin and PGN have quietly revolutionized how public goods are supported. Their efforts are instrumental in creating sustainable and reliable funding sources for initiatives that serve the greater good.