Gitcoin to Shut Down Grants Lab

Software company Gitcoin announced that it will be winding down its Grants Lab, citing an unclear path towards profitability and a maturing L2 ecosystem. Gitcoin announced the move via a blog post today, and clarified that the shutdown is specific to the Grants Lab and the Grants Stack technology. Other Gitcoin offerings, such as the Human Passport and KERNEL, will remain operational. The company will not be omitting grant work entirely from its structure, but is shutting down the larger-scale operation of Grants Labs. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant