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Gitcoin is a platform that believes open-source software is really important for computer programs and technology. It started in 2017 and its goal is to promote teamwork on open-source projects. It does this by motivating developers to work on these projects by giving them rewards and grants. Usually, developers who contribute to open-source projects don’t get paid directly because the software is free and open. But Gitcoin was created to help these developers get some compensation for their work on meaningful software applications.
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On Gitcoin, the focus is on funding projects that benefit everyone and don’t compete with each other. These projects are called “public goods.” They can be about things like clean air, infrastructure or privacy. However, most of the projects funded by Gitcoin are related to blockchain technology within the Ethereum system. For example, there are projects to translate Ethereum’s source material into different languages, make Gitcoin more decentralized and support educational content creators.
Gitcoin wants to attract talented developers to join their platform. They offer money as an incentive for developers to participate in hackathons, rewards and community grants. If a developer has a project they want to work on, they can submit it on Gitcoin and ask for funding from other contributors. They can also earn extra money through special funding opportunities that happen every three months using Gitcoin’s unique funding system.
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