Over 60 million magnesium distributed in the past! What projects are worthy of support in Gitcoin Grants 21 this time?

Preface

Due to the work of the editor-in-chief, I haven’t updated my articles for a while, because a lot of my thoughts have been placed on“CryptoCity” and the daily “Good Articles on Yatui” . It just so happens that "Web3Matters Matt Weekly" is going to publish the "GG21 Special Issue" this week, so I will take this opportunity to update the article content.

In addition, many new friends probably don’t know what Gitcoin is doing? Some people have even never heard of it? Let me briefly mention here that Gitcoin Grants is a quarterly funding program curated by the community, with the purpose of cultivating the next generation of high-impact builders for the Ethereum ecosystem.

You can think of it as a mechanism to support creators and developers through donations, so that those who build the ecosystem can get better resource allocation.

According to official statistics, since its launch in 2019, Gitcoin Grants has distributed more than $60 million to 270,000 unique backers in more than 3,700 projects.

GG21 Introduction

Gitcoin Grants 21 (GG21) is Gitcoin's 21st funding program, focusing on ecosystem- and community-driven funding rounds to promote collaboration and empowerment. The campaign opens for applications on July 24, with a donation period from August 7 to 21, offering up to $800,000 in matching funds. GG21 will not include the Open Source Software (OSS) program, which will run again in GG22.

Main features

• 11 Quadratic Funding Rounds: 2 Ecosystem Rounds and 9 Community Rounds

• Matching Funds: Over $800,000 in matching funds

Ecosystem Rounds include:

1. Thriving Arbitrum Summer

2. Real World Builders on Celo

Community Rounds include:

1. Climate Solutions Round

2. Web3 Grants Ecosystem Advancement

3. Asia Round

4. Token Engineering The Superchain

5. Regen Coordi-Nation

6. OpenCivics Collaborative Research Round

7. Desci Round

8. Decentralized Science and Art in Psychedelics

9. CollaborationTech

This time, the Quadratic Funding method is also used. As for what is the Quadratic Funding method?

In short, it is an innovative fund allocation mechanism used to maximize the impact of small donations from the community.

In this model, the number of donations (how many people donate) is more important than the amount of donations. Specifically, when more people support a project, the project will receive more funding from the matching funding pool. This means that even a small donation, if it comes from many different people, could end up leading to a larger financial support for the project.

This approach is intended to promote broader community engagement and ensure that funding is more aligned with the wishes and needs of the overall community.

Okay, having said so much before, let’s take a formal look at the projects worth donating this time! There are not many projects this time, there are only 411 in total. I try to only select 3 to 5 projects for each Rounds, so as to simplify the projects that everyone needs to know.

Of course, if you have time, it is still recommended to read all the Rounds that you are interested in!

Ecosystem Rounds

Thriving Arbitrum Summer

• Number of projects: 65

• $150,000 ARB Matching Fund

This round will fund projects dedicated to Arbitrum’s core infrastructure, development tools, and innovative applications, encourage broad community participation, and emphasize collaboration and a long-term vision to drive overall ecosystem success.

1. Greenpill Dev Guild : This project focuses on creating products that use emerging Web3 technologies from secondary financing, super certificates, certifications, etc. to help chapters and communities coordinate around public welfare actions.

2. Revoke.cash : is a preventative tool for managing your token limits and maintaining proper wallet hygiene. By regularly revoking valid quotas, you reduce your chances of falling victim to quota exploitation.

3. Hypercerts Foundation : Hypercerts is a Web3 tool for tracking impactful work, measuring it, and selling its impact.

4. rotki : An open source portfolio tracking, accounting, analytics and tax reporting tool.

5. Blockscout : is an open source tool for exploring, confirming and inspecting transactions on any EVM blockchain.

6. MiniBridge : It is a "zero-fee" cross-chain tool that provides multi-chain support for Bitcoin, EVM, and non-EVM, as well as fast transactions and other functions.

Real World Builders on Celo

• Number of projects: 37

• $75,000cUSD Matching Fund

The plan supports projects that use blockchain technology to create positive impacts in physical communities and environments, covering areas such as financial inclusion, ecological credit, real world assets (RWA), and decentralized physical infrastructure (DePIN).

1. rotki : An open source portfolio tracking, accounting, analytics and tax reporting tool.

2. Hypercerts Foundation : Hypercerts is a Web3 tool for tracking impactful work, measuring it, and selling its impact.

3. Endangered Tokens : is a ReFi dMRV and NFT community that hopes to re-evaluate biodiversity by tokenizing endangered and monumental trees through Web3 to protect and earn incentives and digital value-added content, technology and real-world impact sex and stimulate regeneration.

4. ReFi DAO : is a vibrant online community dedicated to using advanced tools such as public ledgers, artificial intelligence, remote sensing, open data, and open science to address global challenges. Through the tools of regenerative finance (ReFi) and Web3, we aim to foster a new economy that values ​​human and natural capital, integrates economic gains with the health of the planet, and supports the long-term regeneration efforts of local communities.

5. Atlantis : is a social network dedicated to driving credible climate action.

Community Rounds

Climate Solutions Round

• Number of projects: 71

• $125,000 USDGLO Matching Fund

Funding climate solutions projects with real impact around the world, focusing on nine categories: Renewable Energy, Oracles and dMRV, Carbon Accounting, Climate Action/Education, Natural Solutions, Ocean Solutions, Climate Adaptation/Resilience, Supply Chain Solutions, Built Environment/Transportation. Up to 70 projects are supported, and reviews are scored based on application, Karma GAP, and other information.

1. AgroforestDAO : Building a supportive global community of people willing to participate in making food, forests and culture a public good.

2. Oxygenchain : Aims to create a platform that encourages environmental responsibility and helps mitigate the impact of pollution on the planet.

3. Atlantis : is a social network dedicated to driving credible climate action.

4. Barichara Regeneration Fund : Supporting the large-scale restoration of 500,000 hectares of land in the northern Colombian Andes by developing and weaving a network of individuals and organizations working on regeneration at the personal, social and ecological levels.

5. Kokonut Network : Create an active, permanent architecture that is environmentally friendly and renewable, backed by natural assets agnostic to crypto markets. The mission is to encourage, organize, fund and oversee purposeful One Direction Farms. and build a network of nature-based sustainable assets.

Web3 Grants Ecosystem Advancement

• Number of projects: 53

• $125,000 ARB matching funds

Funding will be provided to individuals or teams who have contributed to the Web3 funding ecosystem in the past or have forward-looking ideas, with goals including attracting new members, supporting innovation, and driving long-term impact.

1. Welcome onchain : It is a platform that brings together the heartbeat of the crypto community. Operates as a public good.

2. Swift Evo contribution : Co-founder of DeSci Asia, committed to aggregating news and activities and experimenting with innovative financing mechanisms for Web3.

3. Giveth : Bringing real-world impact projects to Web3, giving them free access to novel fundraising mechanisms and a new donor ecosystem.

Asia Round

• Number of projects: 61

• $75,000 DAI matching fund

The GG21 Asia Round was initiated by two major communities, GCC and Pagoda, aiming to unleash the potential of Asian innovators and builders, provide funds and resources, and support the Ethereum development community, policy advocacy, creative public goods funding tools, privacy and anti-censorship, etc. project.

1. Blocktrend : It is a Taiwanese independent media focusing on blockchain and Web3 articles and information.

2. Web3Matters Weekly : It is a Web3 weekly newspaper originating from the Matters.Town community and facing the global Chinese world. It is composed of six editors and selects high-quality Web3 technology and technology from all over the world for readers. Humanistic content. (Because I am also an editor, I personally recommend it)

3. Web3Brand : It is a user-centered content brand and educational community that provides 1-2 pieces of content (articles, podcasts, etc.) every week to conduct in-depth research on consumer applications and protocols based on Web3 and AI, including applications, Products, technologies and business models. (As a fan who has always followed Star and Ruby, I feel sorry for myself if I don’t recommend it)

4. Public Funding Weekly : A project dedicated to tracking and reporting on the global Web3 public goods funding ecosystem.

5. Creator Economy IMO : Incubated by the Web3 community platform Matters Lab, it is an e-newsletter project that explores how creators grow in the Web2 and Web3 industries.

Token Engineering The Superchain

• Number of projects: 15

• $60,000 DAI Matching Fund

This round aims to promote the Optimism (OP) and Superchain ecosystem, fund high-impact token engineering projects, and prioritize plans to support tools, research, education, social infrastructure, and consulting industries. Successful projects will have the opportunity to participate in subsequent retroactive funding rounds, with rewards based on progress against two milestones.

1. Valueverse Labs : Starting from Optimism, we develop "health indicators" for tokens in the Superchain ecosystem.

2. Superchain Innovation Research and Competition : A group determined to promote OP Stack and Superchain ecosystem.

3. Pairwise : is an open source off-chain voting dapp (like Snapshot) that simplifies social signaling by letting users choose between two options and then summarizing their choices into a quantifiable result.

Regen Coordi-Nation

• Number of projects: 36

• $50,000 USDGLO Matching Fund

Regen Coordi-Nation is a collaboration between GreenPill Network, ReFi DAO and Celo Public Goods, aiming to use Web3 technology to promote the global regeneration community movement, address local needs and create real impact. This GG21 Genesis round provides US$50,000 in matching funds, which is open to applications from local nodes of ReFi DAO, GreenPill and Celo and other eligible projects.

Note: Since these Rounds all belong to regional projects and teams, it is up to everyone to make their own judgment.

OpenCivics Collaborative Research Round

• Number of projects: 16

• $42,000 USDC Matching Fund

OpenCivics Collaborative Research Rounds are designed to foster collaboration among researchers, citizen innovators, and community organizers to support critical research in public industry through open source research and knowledge production, and share knowledge to directly empower community organizers.

1. Stephen Reid : Led by experienced educator and technology expert Stephen Reid, offers a unique opportunity to delve philosophically into the heart of our technological age. No knowledge of metamodernism is required.

Desci Round

• Number of projects: 22

• $39,000 USDC Matching Fund

DeSci (Decentralized Science) is committed to building a fair ecosystem where transparency and decentralization promote cooperation and progress in academia and other industries. GG21 is the 4th official DeSci round on Gitcoin. It aims to become an ecosystem governance structure that empowers stakeholders to jointly shape the future of decentralized science.

1. LunCo : A provider of open source engineering software to accelerate lunar colonization for the benefit of mankind.

2. Atlantis : is a social network dedicated to driving credible climate action.

3. DeSci Asia : Building bridges, sharing knowledge and promoting development for the Asian DeSci community.

Decentralized Science and Art in Psychedelics

• Number of projects: 8

• $58,000 ARB matching funds

Designed to support innovative projects that advance understanding of the art and science of psychedelics, spanning history, scientific research, therapeutic applications, aesthetic experience, and music and narrative. Projects need to demonstrate community engagement, impact, feasibility and ethical standards, and contribute to the intellectual and creative ecosystem in the psychedelic field.

Note: I personally have no sympathy for this Round project, so I leave it to everyone to make their own judgment.

CollaborationTech

• Number of projects: 27

• $30,000 USDC Matching Fund

Promote the development of CollabTech: the evolution of on-chain organizations, B2B SaaS and future working models; fund projects that advance identity and reputation, governance and decision-making, operations (accounting, sales automation, inventory management, talent, etc.), community and contributor tools!

1. Harmonica : is a chatbot designed to enhance group awareness within communities, including communities. DAO does this by facilitating asynchronous communication on platforms such as Telegram and Discord and Web3.

2. Collabberry : Leverage peer evaluation and dynamic ownership to create fair, transparent and efficient compensation models for startups and early-stage projects.

3. RnDAO : R&D DAO and research-led venture ecosystem supporting collaborative software startups in Web3.

Conclusion

In summary, Gitcoin Grants is an important mechanism to encourage community participation, support innovation, and promote ecosystem development. In this GG21, you can see many new projects from all over the world. Whether it is technology development, environmental protection, or community collaboration, these projects represent the infinite possibilities and potential in the Web3 ecosystem.

Through the Square Fundraising method, everyone's small donation can have a huge impact on these projects, which also emphasizes the importance of the power of community.

So I participate in almost every Gitcoin Grants, mainly because I hope to support some projects that are currently working hard to innovate, and at the same time lay the foundation for the future Web3 world.

We look forward to seeing more meaningful and impactful projects emerge in future funding rounds and promote further development of the entire ecosystem.

Whether you are a senior supporter or a new friend who is new to Gitcoin, I hope this article can help you better understand the platform and the concepts behind it, and inspire you to participate and contribute to the future Web3 world. .

Of course, if you are asking whether you can speculate, make short-term profits, or even get airdrops. I'm really sorry, this article may not be what you wanted, but I still thank you for reading it.

References

• Announcing: Gitcoin Grants Round 21

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