Gitcoin shuts down Gitcoin labs amid financial pressure

26-4-2025 – Gitcoin, the esteemed Ethereum-based public goods funding protocol, has announced a major restructuring that will see the closure of its primary software development arm, Gitcoin Labs. The decision, unveiled on Friday, stems from mounting financial pressures and an increasingly challenging path to sustainable profitability. The protocol, which has been instrumental in distributing north [. source: https://www.cointrackdaily.com/gitcoin-shuts-down-gitcoin-labs-amid-financial-pressure/