Coinbase Commits $1 Million for Public Goods in partnership with Gitcoin

Tl;dr: Coinbase commits $1 million for Public Goods by Gitcoin, together with $200,000 for upcoming Grants Round 14.

Today, Coinbase is happy to announce its ongoing assist of digital public items — or open-source software program supporting open-source protocols — in collaboration with Gitcoin. With this $1 million dedication, Coinbase has dedicated one of many largest single donations to the general public items treasury in Gitcoin historical past — funded collectively by Coinbase Giving and Coinbase Cloud. Coinbase joins distinguished names just like the Ethereum Foundation, ENS, Optimism, NounsDAO and Polygon as one of many largest donors serving to assist the cryptoeconomy’s infrastructure. The funds might be allotted in an rising stepwise method over GR14, GR15, and GR16.

Coinbase stays dedicated to constructing a cryptoeconomy with equitable entry for all. Investing in and backing safe public infrastructure is a essential element of this work. Our efforts are unfold throughout a wide range of groups at Coinbase, together with Coinbase Giving, Coinbase Cloud, and developer relations, all of whom share the objective of bettering digital public items for the cryptoeconomy.

“If web3 is a city, then open source software is its infrastructure — the roads, bridges, and electrical grids it relies on. But just like a city, to create the kind of thriving, interconnected web3 we want to see we all need to do our part to maintain it. We’re proud to see Coinbase continuing to show exactly that kind of commitment here, by funding and empowering developers in the ecosystem to build for the public good.” — Scott Moore, Co-Founder and Head of Ecosystem Development at Gitcoin.

We imagine serving to to attach and develop the cryptoeconomy is crucial to advancing financial freedom all over the world. That’s why a portion of the donation ($200,000) might be allotted to Gitcoin’s upcoming Grants Round 14 Quadratic Funding match pool, happening in June 2022. Thanks partially to Coinbase’s contribution, the upcoming Grants Round important will embrace a brand new pool particularly devoted to funding and scaling Ethereum protocol improvement.

See Gitcoin’s impression measurement dashboard for extra particulars on how we’re making a distinction and driving impression with our companions. For extra info, observe @Gitcoin and @Coinbase, and be part of the dialog on the way forward for web3.

Coinbase Commits $1 Million for Public Goods in partnership with Gitcoin was initially revealed in The Coinbase Blog on Medium, the place persons are persevering with the dialog by highlighting and responding to this story.