Gitcoin Grants 21 launches with Arbitrum and Celo ecosystem rounds

Gitcoin has announced that the twenty-first edition of its grant program, Gitcoin Grants 21, has officially gone live and will feature ecosystem rounds for Arbitrum and Celo.

The Gitcoin Grants 21 program was launched on August 7 and will run until August 21. This latest edition of the three-month funding program includes the Arbitrum (ARB) and Celo (CELO) ecosystems.

According to a blog post by the decentralized crowdfunding platform, Gitcoin Grants 21 will focus on governance, partnerships, and community empowerment. Along with the two ecosystem rounds, the 11 quadratic funding rounds on GC21 will also include nine community rounds.

Over $800,000 in matching funds will be available across Gitcoin Grants 21 across 11 second-round funding rounds.

Over $60 million distributed

Gitcoin Grants was launched in 2019 and offers developers in the Ethereum (ETH) ecosystem a community-organized approach to project funding.

According to details in an August 7 blog post, the startup has distributed more than $60 million with the support of 270,270,000 unique users. More than 3,700 projects have benefited from three-month funding rounds.

Arbitrum and Celo tours

GC21’s support for Arbitrum will have a matching pool of 150,000 ARBs and will focus on projects for decentralized applications, core infrastructure, and developer tools.

Meanwhile, funding for Celo will focus on real-world blockchain use cases with projects around regenerative finance, real-world assets, and decentralized physical infrastructure. ReFi, RWA, and DePIN are some of the key blockchain sectors seeing major traction.

Celo Public Goods announced in July that it had launched its Gitcoin Grants stack on the Celo blockchain, announcing two seed rounds for real-world developers with matching pools of $75,000 and $100,000, respectively.

Funding for the Celo ecosystem will consist of a matching pool of $75,000 in native stablecoin Celo Dollars.