Gitcoin Grants Have Raised $1.2 Million in Ethereum for Ukraine

As the military conflict between Ukraine and Russia continues, Web3 has stepped up towards Ukraine and is almost $ 100 million According to the Ministry of Digital Transformation of Ukraine, donations of cryptocurrencies to the Ukrainian government and NGOs operating in the region.

Today, Gitcoin, a cryptocurrency-based rewarding platform for coders, is adding support by hosting a funding campaign called GR13.

GR13 is a series of grants under the Gitcoin banner, which runs from March 9th to March 24th, and participating organizations can donate matching funds to support Ukraine.

GR13 is the 13th secondary funding round under the Gitcoin flag and is the co-founder of Gitcoin. Scott Moore To tell Decryption It is “part of our move to donate for more realistic purposes.”

The grant raised $ 1.2 million to support Ukraine as of Thursday night.

Web3 projects Polygon, Algorithm, ENS, Uniswap, OlympusDAO, NounsDAO, OpenSea, Radicle, ZK Tech, and Open Gaming are all participating in Gitcoin’s GR13 initiative by offering their own matching funds at varying amounts.

Since its launch in November 2017, Gitcoin has been $ 54 million $ 36 million was funded by Gitcoin to fund an open source project. This is Gitcoin’s Web3, which replaces Patreon.

“Ultimately, our focus has always been on what public goods are unfunded or poorly coordinated in the global realm,” Moore says.

Moore said that as the crypto space matures, crypto “may have a global impact”, funding NGOs and DAO to support Ukraine..

Moore adds that while Gitcoin played its own role in GR13, the greater effort by the crypto community to support Ukraine was a true community effort.He quoted the work Unchain fund When Ukraine DAO I went to raise money to support humanitarian efforts in Ukraine.

“No one thought that cryptography could be used in the real world in 2017 and 2018,” Moore says. “Peace is a global public good for the world’s public goods … so I think the space has matured in the last few years, and tools that have never existed can actually get these things. You can now do it. It will be used in real situations. ”