

How Gitcoin 2.0 Could Someday Help Reward People for Doing Good - Ep. 624
Mar 26, 2024
In this discussion, Kevin Owocki, co-founder of Gitcoin, and Meg Lister, GM of Grants Labs, dive into the transformative journey of Gitcoin from centralized funding to a decentralized model. They explore exciting funding mechanisms like quadratic funding and retroactive public goods funding, designed to bolster community contributions. The conversation also touches on innovative concepts such as Angel Investing 2.0 and the Gitcoin Passport, which addresses sybil attacks. Their ultimate goal? A capital allocation system that supports what truly matters to communities worldwide.
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Gitcoin's Origin
- Kevin Owocki, with a computer science background, co-founded Gitcoin in 2017.
- He aimed to use crypto to fund open-source software due to a lack of reciprocation in the Web2 space.
Gitcoin 1.0 vs 2.0
- Gitcoin 1.0, a centralized platform, primarily funded emerging Ethereum projects.
- Gitcoin 2.0 is a decentralized suite of protocols, enabling any EVM-based ecosystem to fund public goods.
Quadratic Funding Explained
- Quadratic funding democratically distributes matching funds based on the breadth of community support.
- Projects with broader support receive a larger share, amplifying smaller contributions.