Gitcoin Grants Have Raised $1.2 Million with Ethereum in Ukraine

Bitcoin NewsGitcoin Grants Have Raised $1.2 Million with Ethereum in Ukraine

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Gitcoin is basically the platform that rewards coders with crypto are adding its support by hosting a fundraising campaign called GR13.

As the military conflict between Ukraine and Russia continues, Web3 has stepped up for Ukraine. They are sending nearly $100 million in crypto donations to the Ukrainian government and NGOs operating in the region.

Moreover, the Web3 projects Polygon, Algorand, ENS, Uniswap, OlympusDAO, NounsDAO, OpenSea, Radicle, ZKTeco, and Open Gaming have all joined Gitcoin’s GR13 initiative. They are offering matching funds of their own, in varying amounts.

Since its launch in November 2017, Gitcoin says it has raised over $54 million in funding for open source projects. Also, $36 million are going to Gitcoin grants, Gitcoin’s Web3 alternative to Patreon. 

Moore adds the crypto space has matured to where crypto “can have a global impact”. Also, it can aid in serious real-world situations—like funding NGOs and DAOs to support Ukraine.

Moreover, Moore adds that while Gitcoin is doing its own part with GR13. It’s a larger effort by the crypto community to help Ukraine has been a genuine community effort. Further, he cited the work the Unchain Fund and Ukraine DAO have done to raise funds in support of humanitarian efforts in Ukraine.

“In 2017, 2018, no one had the idea that crypto was usable in the real world,” Moore says. “Peace is a global public good for the global commons… so I think it’s a maturation of the space over the last few years, and also the tooling is there now, where it wasn’t before, to really be able to get these things used in real-world situations.”

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