#gitcoin

More stickers for @baphnedia of Akita from @AKITA_network token along with Gitcoin bot 🐶🤖 Art by me.

Gitcoin’s project lead said the snafu has resulted in nearly half a million in funds being forever locked in a one-way contract address.

Shell and Gitcoin: A True Blockchain Alliance or Greenwashing Attempt?

(adsbygoogle = window.adsbygoogle || []).push();

Share this article

Shell Global Solutions, an international gas company, has announced a partnership with blockchain platform Gitcoin, signaling a significant shift in leveraging blockchain technology for climate solutions.

The energy transition is a colossal challenge, and we need innovative solutions. First we’ll be hosting a hackathon focused on blockchain-based climate solutions along with our friends from @supermodularxyz. Stay tuned for more information and opportunities to get involved.

— Gitcoin 🟢 (@gitcoin) August 14, 2023

While blockchain technology is largely associated with cryptocurrencies, its application reaches far beyond. Its potential to address complex global challenges, particularly in energy and climate change, is immense. This newly formed partnership looks to potentially harness that potential, with a focus on the energy domain, offering avenues for better transparency and the adoption of renewable sources.

Central to this alliance is Shell’s commitment to bolster the Gitcoin matching fund. The energy giant has pledged to support the upcoming four Climate Solutions rounds as part of the Gitcoin Grants Program. In addition, the collaboration will also witness a blockchain-centric hackathon later this year, specifically aimed at addressing energy use cases:

“Blockchain, with its potential to solve intricate coordination issues, is particularly suited to the energy industry, providing innovative ways to incentivize the adoption of renewable energy sources, as well as transparency and verifiability for carbon markets.”

The Gitcoin Grants Program is known for its innovative Quadratic Funding model, designed to allocate resources in alignment with the genuine needs of grassroots communities.

Vikram Seth, Shell’s point person for Blockchain annd Web3, stated, “Working with Gitcoin is a great way to discover and support cutting edge projects from all around the world and to leverage innovative funding mechanisms to harness the wisdom of the crowd.”

Gitcoin, despite being deeply entrenched in the blockchain space, has successfully transcended its core domain. Its Grants Program stands as a monumental achievement, having facilitated over $50m in funds to a myriad of trailblazing projects spanning diverse sectors.

And, while Gitcoin’s initiative to fund and support climate solutions through its Grants Program is undeniably progressive, the effectiveness and genuineness of Shell’s participation remain under scrutiny.

Shell’s sudden interest in climate-driven actions and partnering with blockchain technology begs the question: is this a genuine move towards innovative climate solutions or a well-crafted PR attempt to divert attention from Shell’s past controversies?

Since the beginning of its operations in the region, the Niger Delta has experienced widespread ecological degradation, attributed in part to Shell’s activities.

BREAKING!

We’re outside the Royal Courts of Justice standing in solidarity with the Ogoni and Bodo people of the Niger Delta, who are taking Shell to court. Shell’s oil spills have polluted the Niger Delta for decades – they must pay for the clean up!#shutdownshell pic.twitter.com/AIfNPyzLjE

— Fossil Free London (@fossilfreeLDN) July 24, 2023

Numerous oil spills have plagued the area, devastating local ecosystems, polluting water sources and harming the livelihoods of countless residents dependent on fishing and farming:

“More than 13,500 residents from the Ogale and Bille communities in the Niger Delta have now filed claims against Shell asking that the company clean up oil spills which they say have wrecked their livelihoods, poisoned their wells, and polluted their land and water, which means they can no longer farm or fish.”

Shell has faced multiple lawsuits both in Nigeria and internationally over its operations in the Niger Delta. One landmark case in 2009 saw the company agreeing to a $15.5 million settlement to the families of the executed Ogoni leaders, including Ken Saro-Wiwa, though they did so without admitting any wrongdoing.

I love gitcoin but this is green washing, not green pilling.

Fuck Shell. https://t.co/Hu7ibLfTh1

— scoopy (@scupytrooples) August 14, 2023

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

(adsbygoogle = window.adsbygoogle || []).push(); #Shell #Gitcoin #True #Blockchain #Alliance #Greenwashing #Attempt

Op-ed: Let's talk about Gitcoin

(adsbygoogle = window.adsbygoogle || []).push();

Since 2020, crypto has seen dramatic prices, adoption, and attention swings. However, one term integral to the success of web3 has seemingly stagnated – ‘open-source funding.’

Google News articles related to open-source funding have remained flat, along with searches for the biggest player in the space, Gitcoin.

For comparison, the term ‘web3’ has hovered around its average interest level of 50% since 2021, while the open-source funding terms rarely break 25% once per month.

Source: Google Trends

Yet, the lack of coverage does not reflect the dynamic, evolving reality of the sector.

A closer look reveals a flourishing ecosystem where organizations like Gitcoin and the Public Goods Network (PGN) are redefining the possibilities of open-source funding, with significant implications for public goods.

We need a change.

As a journalist deeply engrossed in Bitcoin, crypto, and blockchain technology, I was made aware that there is very little coverage of open-source funding initiatives, and I think that’s a problem.

With Central Bank Digital Currencies (CBDCs) potentially on the horizon, there’s an undeniable need to safeguard the decentralized and open ethos of Web3 that we, as a community, strive towards.

Uniquely open-sourced funding initiatives, like Quadratic Funding (QF) used by Gitcoin, can play a pivotal role in this mission by providing resources that empower the community and retain the democratic principles that underpin the blockchain ecosystem.

Henceforth, my focus will be to bring more visibility to these initiatives, underlining their importance in maintaining the very fabric of the decentralized and open Web3 amid the changing landscape.

Open source quadratic funding.

According to information shared with CryptoSlate, Gitcoin has been making strides in fostering an ecosystem of public goods, seemingly under the radar. The organization has distributed over $50 million across over 100 Quadratic Funding rounds, supporting institutions like UNICEF with blockchain-based public goods funding.

Among its many initiatives, Gitcoin focuses on regenerative initiatives, issuing grants for nature-based solutions, clean energy, and indigenous communities. One shining example is the Universal Impact Pool, which guarantees donations are funneled to projects that matter.

Quadratic Funding is a distinctive crowdfunding approach inviting community members to ‘vote’ with their contributions on project funding allocation. The method pools together small donations, matching them with a more significant amount from a central fund.

A defining feature of QF is its emphasis on the number of contributors rather than the total donation amount, fostering community involvement and shared ownership.

According to WTFisQF.com, a funding round where several projects receive funds from a varying number of contributors has the final distribution calculated using the QF formula and then projects with broader support receive a more significant match.

Despite potential challenges such as collusion or misuse of funds, QF presents a novel way of empowering the community and could play a significant role in shaping the future of cryptocurrency projects like those on Gitcoin.

Public Goods Network

A prime example of the potential innovation possible through quadratic funding, the Public Goods Network (PGN), a new collaborative project backed by core’ Gitcoiners,’ is shifting the paradigm of public goods funding.

The PGN functions as a low-cost Layer 2 (L2) OP Chain, directing the majority of net sequencer fees towards public goods. Gas fees from PGN transactions are pooled to support public goods initiatives. Further, ETH is the native token of the network removing it from the issues of tokenomics, instead simply acting as a route to generate community funds through transacting on chain.

Its mission is supported by an alliance of public goods advocates, including Gitcoin, and is powered by the infrastructure platform Conduit.

Kyle Weiss, the Executive Director at the Gitcoin Foundation, expressed the organization’s excitement to incubate PGN and its ambition to become a digital focal point for those interested in building and funding public goods. Nicole d’Avis, Protocol Lead at PGN, described the network as ” a natural evolution in exploring how we generate funding in the digital realm for public goods.”

The PGN  provides users and developers with a cost-effective alternative to the Ethereum mainnet as a Layer2 OP Chain, while running dApps on PGN automatically generates funding for public goods. The aim being to create a legitimate, durable, and always-on funding source that allows public goods organizations to grow their resources.

Thus, while ‘open source funding’ may not pique news organizations’ interest, the sector is thriving.

Entities involved should be lauded for fostering an environment where public goods can be funded sustainably and reliably. Their efforts pave the way for a future where open-source funding is critical in supporting the greater good.

(adsbygoogle = window.adsbygoogle || []).push(); #Oped #Lets #talk #Gitcoin

Gitcoin (GTC) Coin Nedir, Yorum, Teknik Analiz

#gitcoin #gtc #kripto #haber #yorum