Details

Last Funding Type

Grant

Last Funding Money Raised

$500K

Industries

Cryptocurrency,Developer Platform,Ethereum,FinTech,Open Source

Founded date

Jan 1, 2017

Number Of Employee

1 - 10

Operating Status

Active

Gitcoin is a platform to enable open source developers to monetize their work when it is used.

Gitcoin was borne of the community in Boulder, Colorado's thriving tech scene. One of the most amazing things about the Boulder community is the #givefirst mantra. The founding team has built their careers off of advice, mentorship, and relationships in the local tech community.

Gitcoin is built upon the Ethereum network, and the solidity smart contract programming language. Ethereum provides opportunities to align incentives across actors in the ecosystem. By programming rights of stakeholders directly into smart contracts, actors are incentivized to provide value, and edge cases are handled _without_ having to involve legacy legal enforcement mechanisms.

The founder of Gitcoin, Kevin Owocki, has experience as an organizer of Boulder Startup Week, Ignite Boulder, StartupCTO.io, Boulder Blockchain Meetup, and the open-source projects by trader, adblock-to-bitcoin, YouveGotETH, and ColoradoCoin. The stronger the community is, the more successful open source projects are. The stronger open source projects are, the stronger the community is.

Gitcoin is a project that combines the #givefirst mantra of the Boulder community with capitalistic incentives to write great software. By enabling Repo Maintainers, developers, and financiers to find one another, Gitcoin pushes open-source software forward.