Polygon Donates $1 Million to Gitcoin, Adds Checkout Option For Grants.

Polygon will contribute $200,000 to Grants Round 12 and run its own pool.

Gitcoin to make grants funding easier and more affordable with Polygon token.

Polygon has committed $1 million to Gitcoin in support of digital public goods, making one of the largest donations to the decentralized funding platform for open-source projects. Gitcoin is also adding an option to check out grants with Polygon’s popular $MATIC token.

The funds will be allocated evenly over Gitcoin’s next five quarterly grants rounds from December 2021 through December 2022. Polygon is only the fourth organization that has committed over $500,000, joining ENS, Badger, and Ethereum Foundation as one of the biggest backers on the platform.

Gitcoin is the largest implementation of Quadratic Funding, a radically democratic approach to allocating resources for public goods. Since its founding in 2017, Gitcoin has facilitated over $40 million in funding for open source software including notable projects such as Uniswap and 1inch.

As a part of the donation, Polygon is contributing $200,000 to Gitcoin’s upcoming Grants Round 12 Quadratic Funding match pool, which takes place in December 2021. Polygon will also participate in Gitcoin’s new ecosystem grants program and will run its own matching pool alongside the main one.

SOURCE: 
Polygon