Gitcoin is a platform that uses quadratic funding to empower communities to finance public goods. Introduced by Vitalik Buterin in 2019, this system has facilitated over $2 million in funding. Additional resources on quadratic funding are available through various articles and podcasts.
What is Gitcoin?
What is a Public Good?
Public goods are free and helpful for everyone. Examples can include public domain art, public parks with nice trees, and open-source software. You can watch the following video or read this article to learn more about public goods.
How does Gitcoin work?
Gitcoin empowers communities to fund public goods with an innovative system called quadratic funding. Quadratic funding was first introduced by Vitalik Buterin and others in 2019 article called A Flexible Design for Funding Public Goods. So fat over 2 million dollars has been distributed via Pomelo and much more has been distributed via Gitcoin.
You can read learn about quadratic funding in an article from the Pomelo team entitled The Magic of Quadratic Funding and the following video:
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Pomelo
An open-source crowdfunding platform that multiplies your contributions. With Pomelo Grants, you can support exciting projects that you love!
Metamask phoneA visual history of Gitcoin's mission (2017 - 2022) - 🤖 DAO Governance and Vision - Gitcoin Governance