Popular open-source platform, Gitcoin has partnered with Protocol Labs, OKX, and others to expand its ecosystem. The firm announced the development in a Twitter post on Tuesday.
As announced, the firm intends to further its goal of growing a regenerative crypto-economic landscape through its partnership with Protocol Labs. Also, it intends to offer hope for other firms during the crisis facing the industry. Gitcoin further revealed its excitement to partner with the protocol labs in its upcoming protocol launches.
According to Gitcoin, Protocol Labs stimulates and showcase research and discussion about innovative funding methods for critical public goods and open-source networks. Gitcoin noted that its partnership with Protocol Labs is an achievement for novel public goods funding.
Partnership with OKX
Furthermore, Gitcoin also partnered with OKX, a renowned cryptocurrency exchange and web3 ecosystem. As revealed, the protocol, intends to further its global outreach through its partnership with OKX. According to the firm, the partnership will enable it to effectively serve new markets in APAC and beyond.
Gitcoin aims to support public goods funding to more audiences with OKX’s existing suite of decentralized Web3 products. OKX through its trading volume is recognized as the second-largest cryptocurrency in the world. The exchange is committed to users’ safety, transparency, and product innovation. These qualities remains essential to the platform and all builders in the industry.
OKX Head of Ventures, Jeff Ren has reacted to the partnership. According to him, his exchange seems delighted to offer firepower for Gitcoin to sustainably develop its enterprise. He further that despite the ongoing market condition, Gitcoin has continued to provide support for public goods projects through GR14 and GR15. According to him, the platform now drives the innovation of fundamental technology in the industry.
Ren noted that goal of the protocol reflects OKX’s core mission to invest in building, innovation, and community. In addition, Ren started that he is looking forward to work together with Gitcoin to support the industry during this period.
Gitcoin includes Fenbushi, IOSG, others in its partnership
Notably, other key partners of Gitcoin in the expansion of its ecosystem includes Fenbushi Capital, IOSG, and Foresight Ventures. According to Gitcoin, each of the firms believes in the theory of allowing communities to operate with novel funding mechanisms to reach their collective goals. The firm further noted that it looks forward to its partner’s cooperation. The platform believes that achieving its mission requires coordination that is beyond just its community.
Additionally, the protocol noted that as it continues to evolve, its primary focus remains on the launch, growth, and adoption of its Gitcoin passport. The firm described the new GitCoin passports as its Grant Protocol, identity aggregator, and a new reputation. Gitcoin believes that the time has come to invite additional governance participation from its partners. The firm hopes that its partners will explore the enablements provided by the collaboration through and also give their viewpoint on how to design each protocol future.
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