Gitcoin Launches $1.35M in Grants to Reinvent Web3 Funding Models

Gitcoin has announced the launch of Grants Round 23 (GG23), introducing $1.35 million in funding to support builders and open-source projects across the Web3 ecosystem. As the industry continues to expand, GG23 aims to solve one of its most critical pain points: sustainable, equitable funding for developers at every stage of growth.

—

For years, Web3 projects have relied on outdated fundraising models—launchpads, token sales, and private allocations—that often introduce volatility, restrict access, and prioritize short-term gains over long-term utility. GG23 challenges that status quo by offering a more resilient and inclusive approach to funding, one that aligns incentives with actual impact.
“GG23 represents the largest evolution of our program. We’re combining Quadratic Funding for early-stage discovery with Retroactive Funding for proven projects. This dual approach is designed to help builders not only launch but also grow and sustain meaningful contributions to the Ethereum ecosystem.”

MathildaDV, Grants Program Lead at Gitcoin
A New Framework for Open-Source Support

Gitcoin has long pioneered Quadratic Funding (QF), a matching model that amplifies grassroots support by directing matching funds to projects based on the number of individual contributors, not just the total raised. With GG23, Gitcoin introduces Retroactive Funding—a model that rewards past performance and demonstrated impact with funding, based on transparent metrics and community governance.

This two-pronged system ensures both emerging and established teams receive the support they need. Builders can raise funding directly from the community while continuing to receive recognition and financial backing as their projects scale and contribute to the broader ecosystem.

Focused Categories, Streamlined Allocation

GG23 also introduces a more structured approach to funding by consolidating open-source rounds into three core categories:

dApps & Apps
Developer Tooling
Web3 Infrastructure

A dedicated $600,000 has been allocated to Retroactive Funding, reinforcing Gitcoin’s commitment to supporting projects based on real-world impact rather than short-term hype. This structure also makes the funding process clearer and more accessible for applicants and contributors alike.

Gitcoin’s impact is already well established:

45% of past grantees return for additional rounds
30% are first-time participants
Over 80% of recipients report positive experiences in post-round feedback

Applications Open — Funding Begins in April

Applications for GG23 are now open, with Quadratic Funding rounds set to begin in early April. Retro Voting will launch one week into the round, marking the first time both mechanisms will run side by side—allowing the community to support new ideas and reward high-impact work within the same program.

As Web3 matures, funding mechanisms must evolve to match the complexity and ambition of the builders driving it forward. Gitcoin’s GG23 sets a new standard by focusing on transparency, community alignment, and long-term sustainability—offering a credible alternative to traditional fundraising models that too often fall short.