Due to a lack of a sustainable profit model, Gitcoin has shut down its main software development department, Grants Lab
ChainCatcher news, Gitcoin co-founder Kevin Owocki posted on social media that Gitcoin will close its main software development department, Grants Lab, and bid farewell to some outstanding team members. This is one of the hardest decisions since Gitcoin was founded.The decision is driven by changes in the ecosystem: the funding methods for public goods are evolving, the L2 ecosystem is maturing, collaborative mechanisms are continuously innovating, and new competitors are emerging. At the same time, key members of Grants Lab have left one after another, and the team currently lacks a clear and sustainable profit model, leading to financial expenditures exceeding manageable limits.Therefore, Grants Lab will no longer apply for the budget for the second half of 2025, and the remaining funds will be used to provide severance compensation for affected employees. Gitcoin stated that they will do their utmost to support the transition of departing employees in a respectful and caring manner.