Kraken is excited to announce it will match $150,000 in donations to open-source Ethereum projects in collaboration with Gitcoin, an Ethereum-based platform for fundraising. 

The grants will mark Kraken’s first-ever donation to an Ethereum project, a development we feel recognizes the project’s maturity both as an asset and as a platform for applications.

As the lead contributor to Gitcoin Grants Round 8, Kraken will match grants solely in Gitcoin’s “Ethereum Infrastructure Tech” category, which is designed to reward developers building the blockchain’s most essential software. 

This means that from December 2 through December 17, developers and teams who meet their funding goals on Gitcoin (and who meet the criteria for the infrastructure category) will be eligible to receive a matching grant from Kraken. 

Said Kevin Owocki, CEO of Gitcoin:

“Ethereum and DeFi are built on open-source software. With their generous contribution, Kraken is excited to give back to the volunteer developers building the infrastructure of the crypto economy.” 

At Kraken, we feel it is our responsibility to empower volunteer developers and give back to great projects moving the industry forward. To date, we have provided more than $500,000 to blockchain projects and have helped several developers find full-time employment. 

For example, Kraken recently gave a $150,000 grant to Brink, a new developer training center focused on educating and funding open-source contributors to Bitcoin. 

The growth of the Ethereum network is impressive. We would love to see other projects follow that same success. If you’re working on the Lightning Network, Bitcoin, Monero or another blockchain, we want to hear about it. 

See our official grant page for an overview of our program and how to apply.

About Gitcoin 

Gitcoin’s mission is to grow open-source communities by maintaining an open, free and fair marketplace to match developers and donors.

Gitcoin looks to provide opportunities for builders of all kinds to learn skills, build relationships and improve the internet via Web 3.0 technologies.