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Crypto developer platform Gitcoin has admitted to losing approximately $460,000 of Gitcoin (GTC) tokens after mistakenly sending the funds to an unrecoverable contract address.On Oct. 6, project lead “CoachJonathan” posted details of the incident on the Gitcoin governance forum. He said the transfer of GTC from the treasury was intended
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The mint, executed by blockchain funding company Gitcoin and NFT platform Metalabel, aims to commemorate a 2018 paper about Quadratic Funding, a public fundraising mechanism authored by Ethereum Foundation founder Vitalik Buterin, Harvard economist Zoë Hitzig, and social activism organization RadicalxChange founder Glen Weyl. Original Source
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On Friday, Gitcoin community members passed a governance proposal with almost unanimous support to formalize a relationship with the index provider Index Cooperative, and transfer 100 ether (ETH) worth $164,600 into two liquidity pools meant to “ensure deeper liquidity and reduce swapping fees for moving into gtcETH,” according to a
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As the blockchain industry expands and becomes more of a fixture in everyday life, the idea of 'one chain to rule them all’ and the general ideology of blockchain maximalism is beginning to fall to the wayside and the focus on interoperability and cross-chain collaboration is coming to the forefront.One
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A partnership announced on Tuesday between the Gitcoin project and Polkadot will help the interoperable blockchain platform’s developers find community support and funding.Gitcoin’s current function can be considered as an experiment in a new way of funding public goods based on the concept of "Capital-constrained Liberal Radicalism," or CLR, championed by
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