Chainlink Joins Gitcoin Grants Round 15 as Matching Partner To Support Ethereum Infrastructure Development
Whether it’s core infrastructure, critical tooling, or key frameworks, open-source software underpins the Web3 ecosystem. Acting as public goods that anyone with an Internet connection can access, public blockchains like Ethereum and many of the dApps built on them empower everyone across the globe from underserved communities to cutting-edge organizations to access an open and transparent economic system. This global Web3 economy powered by cryptographic truth is only possible thanks to the continued support from a dedicated global community of builders.
In support of open-source development, we are proud to announce that we are joining the upcoming Gitcoin Grants Round 15 as a matching partner for the $2.8M main matching pool. Our financial contributions will go toward the development of the Ethereum infrastructure, dApps, and tooling that the community identifies as most important through Gitcoin’s quadratic funding model.
Gitcoin funding rounds financially incentivize developers to build key infrastructure such as Ethereum clients, open-source programming libraries, testing suites, monitoring tools, improved user interfaces, and deployment tooling. These rounds also support the maintenance of existing critical infrastructure that thousands of developers and users rely on, helping ensure the Ethereum network and dApp ecosystem remain secure and operational at all times.
Our support of Gitcoin Grants Round 15 is part of our continued effort to support blockchain and smart contract developers across the multi-chain ecosystem. Previous contributions include joining previous Gitcoin Grant rounds, arranging bug bounty programs, and organizing hackathons. Additionally, the Chainlink Community Grant Program provides key resources to the development teams and researchers building a more secure, reliable, and functional Chainlink Network. Talented individual developers and development teams are strongly encouraged to apply to the grant program here, or if you are an academic researcher and want to collaborate, contact us.
Democratizing Financial Support With Quadratic Funding
Beyond its proven effectiveness in generating financial support and being the most successful public goods funding mechanism on Ethereum, Chainlink continues to be a matching partner in Gitcoin Grants in large part due to its use of the quadratic funding model. Quadratic funding works by prioritizing funding for projects that receive the largest number of individual donors, regardless of the amount of capital given by any individual donor. This process aims to ensure that all Ethereum community members can have a say in which projects in the ecosystem deserve community support. Critically, Gitcoin also employs several Sybil-resistance mechanisms to mitigate voter manipulation.
Trust-minimized services are fundamentally altering how society coordinates economic activity. Web3—the next step in the evolution of the Internet—is paving the way to a more transparent, collaborative, and economically fair future underpinned by agreements based on cryptographic truth. Already, we’ve seen many innovations across DeFi, insurance, gaming, and other industries that empower developers and end-users across the globe. We believe that it’s critical to ensure that sufficient funding is available to maintain existing Web3 infrastructure and incentivize the development of new tooling.
How to Join Gitcoin Grants Round 15
You can propose a project to be eligible for Gitcoin Grants Round 15 funding here before submissions close on September 14. The round will begin on September 7 and finish on September 22. More information is available here.
We want to thank the Chainlink community and the wider blockchain ecosystem for their passionate support and continued efforts in building high-quality open-source infrastructure. We’re honored to provide developers everywhere with the decentralized services they need to create hybrid smart contracts that improve lives around the world.