On April 25, Gitcoin co-founder Kevin Owocki posted on social media that Gitcoin will close its main software development unit, Grants Lab, and say goodbye to some of its outstanding team members. This is one of the toughest decisions since Gitcoin was founded.

Behind this decision is the changes in the ecological environment: the way of funding for public products is evolving, the L2 ecosystem is gradually maturing, the collaboration mechanism is constantly innovating, and new competitors are constantly emerging. At the same time, key members of Grants Lab have resigned one after another, and the team lacks a clear and sustainable profit model under the current form, resulting in its financial expenditure exceeding the affordable range.

Therefore, Grants Lab will no longer apply for the second half of 2025 budget, and the remaining funds will be used to issue severance compensation to affected employees. Gitcoin said they will do their best to support the transition of departing employees with respect and caring.