- Gitcoin is making changes to focus on giving money to projects that are part of Ethereum. They are moving from a community-based model to a more organized structure with separate parts for better efficiency.
- The platform is making changes to how it operates by using a structure called “Labs. ” This is like how other big teams work. The goal is to have better software development and make decisions more clearly. They want to do a good job of supporting open-source software and making great software for Ethereum.
Gitcoin, a well-known platform for funding open-source software, is making big changes to become more focused on helping the Ethereum community with grants.
The change in strategy shows that the organization is moving away from focusing on funding public things and is now more focused on using technology. The reorganization is designed to help technology teams in the Ethereum space by giving them a clearer direction and a more organized framework to support their growth.
Gitcoin is changing to work better and have a clear focus.
Since starting in May 2021, the company has had a flat structure with no traditional CEO. The platform works with groups of people who focus on specific tasks or projects. The community votes on whether to approve the budgets for these groups. Although the setup encouraged everyone to have a say, it often caused things to take a long time and made it hard to stay focused.
Gitcoin is changing to make things more simple and focused. Kyle Weiss, who leads Gitcoin, said that the DAO changed from focusing on making a difference to focusing more on technology. This required the change. The new system is designed to fix the disconnected way things are done, especially in a situation where people from all over the world are working together from different locations.
Introduction of the different parts of a business and SubDAO
Gitcoin is making changes and creating two separate parts of the business. One unit will focus on organizing the work for specific products, making sure that technology development is effective and efficient. At the same time, a subDAO (Sub-Decentralized Autonomous Organization) will be created to take care of community and governance issues. This will keep Gitcoin democratic while making decision-making more organized.
Gitcoin is changing how it operates to focus more on giving money to projects, especially those related to Ethereum. Weiss talked about how the company’s story changed from funding public goods to focusing more on getting grants. The change shows that Gitcoin is now mostly focused on technology instead of making a social impact.
Adopting a “Labs” system to improve development
Gitcoin is changing the way it works. It’s moving from individual teams to a new structure called “Labs. ” This is similar to other well-known teams like Uniswap Labs and OP Labs. The change will help make sure that software development stays steady and give the DAO clear and specific tasks to work on. Gitcoin wants to make it easier for software development teams to work better together and make decisions more easily.
The new way the community is involved in the new system is also important. The community will still be important in choosing what projects get funding, but there may be changes in how decisions are made about long-term plans for the technology. Both Weiss and Gitcoin co-founder Kevin Owocki understand that there are difficulties and unknowns about DAOs’ ability to create software. The Labs team is set up to help Gitcoin support open-source software and create great software solutions. It’s a strategic way to tackle the challenge and make sure Gitcoin does well in these areas.
Gitcoin is making big changes to their strategy. This is an important moment in their journey. Gitcoin is changing its focus to give money to help the Ethereum ecosystem and is becoming more organized. This will help them do more to help the open-source community and blockchain technology. Gitcoin is making changes to become more innovative, efficient, and focused on technology development. They are also committed to supporting the Ethereum ecosystem. They are introducing business units, transitioning to a Labs structure, and emphasizing the importance of technology development.
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