Gitcoin Shuts Down Grants Lab: GTC Faces Development Crisis

Gitcoin (GTC), a Web3 funding platform, has announced it will close its core development unit, Grants Lab, effective May 31, 2025. This closure also marks the end of support for its primary product, Grants Stack, following the departure of key team members and evolving market dynamics in the Web3 ecosystem. The decision, explained by Gitcoin co-founder Kevin Owocki, comes amid a rapidly changing landscape marked by maturing Layer 2 networks, emerging coordination tools, and intensified competition. While Gitcoin will continue its funding efforts through a leaner structure focused on the Gitcoin Grants program, other initiatives such as HumnPassport (formerly Gitcoin Passport), KERNEL, Public Works, and Allo Capital remain operational and funded. This news reflects significant internal changes that could influence investor confidence and the ongoing trajectory of Gitcoin's development efforts.