Gitcoin and OKX to Partner on Support for Developer Community and Public Good

  • Blockchain
  • 16.11.2022 09:20 am

OKX, the world’s second-largest cryptocurrency exchange by trading volume and a leading web3 ecosystem, has entered into a strategic partnership with Gitcoin to support the developer community and the use of novel funding mechanisms for the public good in the crypto space.

With its day-one commitment to user experience, safety, and transparency, OKX leads in industry compliance and product innovation and is trusted by 20 million people worldwide. Its wide suite of decentralized products including a multi-chain NFT marketplace, self-custody wallet, and OKC blockchain empowers a world of financial inclusion through the power of blockchain technology.

Gitcoin is the community of over 300k builders, creators, and protocols at the centre of open web ecosystems. They have ushered in more than $70M in funding for OSS and public good projects through their novel funding mechanisms. Through the use of quadratic funding, community building, and making learning resources accessible, Gitcoin has proven they are a leader in the web3 space, supporting the build-out of tomorrow’s digital public infrastructure.

“We’re incredibly excited to be working with a trusted partner like OKX on our shared mission to build and fund projects that contribute meaningfully to the crypto community,” said Kyle Weiss, the Director of the Gitcoin Foundation. “The partnership with OKX will allow us to broaden our worldwide reach to developers, and continue to empower communities to fund their shared needs."

“Despite protracted market conditions, Gitcoin continues to support public good projects through GR14 and GR15, driving fundamental technology innovation in the industry. This echoes OKX's core mission to invest in building, innovation, and community. We are thrilled to provide firepower for Gitcoin to sustainably grow its initiatives, and look forward to working together to support the industry during this unprecedented time,” said Jeff Ren, Head of OKX Ventures.

OKX will participate in Gitcoin governance, offering guidance on how to shape and design the protocol's future. Gitcoin and OKX will keep forging partnerships with the developer community, prompting transparent, sustainable, and inclusive progress in the global crypto industry.

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