Conducted by Eugene Leventhal and Mashal Waqar

Mint on Zora to contribute to the QV round:

Gitcoin Web3 Grants Report 01: PDF OnchainGitcoin Web3 Grants Report 01: PDF Onchain. Proceeds of this mint will go to 1 of 4 Turkish charities in a live grants round a…zora.co

Timeframe: Late June to early September 2023

• Interviews: 20 individuals across 13 organizations
• Grant Programs: Active, Sunset, and Quadratic Funding Operators
• Over $500M in grants issued by programs like Algorand, Ethereum, NEAR, and Solana.
• Total Grants Issued: Over half a billion dollars
• Number of grants: 5900+

Introduction

This report aims to demystify web3 grants programs, covering their evolution, types, and governance. It draws from both qualitative and quantitative data to provide a comprehensive view.

Research Takeaways

Aligning Intentions and Program Objectives

• Mission-Driven Approach: Establish a clear mission statement for each grant program to guide decision-making.
• Program Differentiation: Create specialized grant programs with distinct goals, such as an "Ecosystem Support Fund" for community projects and a "Growth Fund" for scaling initiatives.
• Naming Conventions: Use clear and descriptive names for programs to avoid confusion, which in turn helps in selecting appropriate metrics and targeting the right audience.

Operations are Key

• Dedicated Resources: Assign team members who are solely responsible for managing the program and deploying capital effectively.