• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    futuristic hong kong skyline

    Hong Kong’s CIMG Inc. Set to Buy 500 Bitcoin

    futuristic financial analysts

    Sweden’s H100 Group Acquires 46.2 BTC, Increasing Holdings

    bitcoin business strategy art

    H100 Group Expands Bitcoin Holdings to 957.5 BTC

    stockholm corporate bitcoin art

    H100 Group Expands Bitcoin Holdings by 46 BTC

    futuristic city bitcoin ethereum

    Hyperliquid Surges to New High with Record Spot Volume

    futuristic cityscape oil painting

    Japan’s Metaplanet to Raise $881M for Bitcoin Purchase

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    futuristic cityscape pantera

    Institutions Hold $1.72 Billion in Solana Investments

    futuristic cityscape nightscape

    Institutions Hold $1.72 Billion in Solana Investments

    ethereum monoliths oil painting

    Ethereum ETFs See $455 Million in Inflows

    avax volume disparity oil painting

    False Claim: AVAX $100B Trading Volume Not Reached

    european cityscape oil painting

    Reports Refute Pi Network ETP Launch in Europe

    futuristic cityscape eth acquisition

    SharpLink Acquires 56,533 ETH Worth Over $250 Million

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Gitcoin Shuts Down Grants Lab Amid Restructuring

Solomon M. by Solomon M.
April 26, 2025
in Latest News
conceptual office reflection art
Key Takeaways:
  • Gitcoin closes Grants Lab amid restructuring.
  • Leadership changes occur with staff affected.
  • Financial strategies refocus on core projects.
gitcoin-shuts-down-grants-lab-amid-restructuring
Gitcoin Shuts Down Grants Lab Amid Restructuring

Gitcoin’s restructuring impacts financial strategies and refocuses on its Grants Program amid market challenges.

The announcement marks a pivotal shift in Gitcoin’s operations. Kevin Owocki, Co-Founder and interim Executive Director, revealed the closure due to ineffective revenue models and market difficulties. The Grants Lab’s expenses had outstripped revenues, necessitating this move.

Despite the closure, Gitcoin leadership maintains commitment to its core mission. Remaining funds will aid in supporting affected employees. No immediate change in ETH, BTC, or GTC token prices was reported at the time of the announcement.

Gitcoin’s community appears supportive, emphasizing resilience. The transition focuses on returning to core strengths, ensuring Grant Program integrity, and stewardship during these changes. There is no backlash from the community as the decision aims to strengthen Gitcoin’s foundation.

Potential outcomes involve a streamlined focus, possibly resulting in improved resource allocation. The case aligns with historical trends where such organizational changes lead to focused growth, benefiting long-term sustainability and effectiveness.

“Today I share a difficult update: we’ve decided to wind down the Grants Labs business unit at Gitcoin. This was not a move we ever wanted to make, but it’s one we feel is necessary given our current reality…Grants Labs’ expenses have been exceeding its revenue for some time, the market is in a tough spot, and we need to refocus on Gitcoin’s core mission – namely, the Gitcoin Grants Program and Funding What Matters.” — Interim Executive Director, Gitcoin
Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

Grayscale Launches SUI Trust, Spurs Institutional Interest

Next Post

BTFD’s Stage 15 Sells Fast with FINAL100 Bonus—Best Meme Coin Presale to Buy Now While Brett and Floki Stay Steady

Solomon M.

Solomon M.

Related Posts

nvidia ai crypto future art

Nvidia Surpasses Revenue Forecast, Influences Crypto Markets

by Adriana M.
August 28, 2025

Nvidia reports $46.7 billion in revenue, beating expectations, impacting global equity and crypto markets.

zhou xiaochuan stablecoin art

Zhou Xiaochuan Opposes China’s Stablecoin Initiative

by Solomon M.
August 28, 2025

Ex-PBOC Chief Zhou Xiaochuan opposes China's stablecoin push, citing financial risks and 'dollarisation' concerns.

osprey market chart oil painting

BNB Staking ETF Filing Boosts Institutional Interest

by Solomon M.
August 27, 2025

BNB price reacts to REX-Osprey ETF filing, highlighting institutional interest and volatile trading activity.

scott bessent urban oil portrait

11 Strong Contenders for Fed Chair Replacement

by Adriana M.
August 27, 2025

Scott Bessent leads search for Fed Chair; Trump narrows candidates to four.

futuristic cityscape oil painting

Hyperliquid Achieves All-Time High with Record Trading Volume

by Solomon M.
August 27, 2025

Hyperliquid hits a new all-time high, driven by unprecedented trading volumes and institutional support.

cftc nasdaq collaboration art

Nasdaq Partners with CFTC for Enhanced Crypto Market Oversight

by Solomon M.
August 27, 2025

The CFTC collaborates with Nasdaq for advanced oversight of U.S. crypto and derivatives markets, enhancing market surveillance.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.