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At its core, the Avalanche Community Grants Program represents a bold departure from traditional funding models. By leveraging Gitcoin's expertise in managing Web3 grants, the program seeks to democratize the funding process, ensuring that projects with the highest community support receive the resources they need to flourish.
Gitcoin, the open-source funding platform, announces a strategic shift from public goods funding to concentrate on grants infrastructure for the Ethereum ecosystem. This reorganization aims to enhance technological development within Ethereum, transitioning from a flat organizational structure to a more defined "Labs" model for improved efficiency and direction.