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Gitcoin will officially shut down its core software development team Grants Lab on May 31, 2025.
According to Wu, Gitcoin founder Kevin Owocki announced that the core software development team Grants Lab will officially shut down on May 31, 2025, and will stop maintaining the Grants Stack product. The reason is the lack of a sustainable profit path for Grants Lab, which has been affected by changes in the Web3 public goods funding environment and the loss of key team members. Gitcoin will focus on a more streamlined operation of the Grants project and provide severance support to affected employees.