Chainlink Supporting Gitcoin’s Round 7 Grants

Chainlink is actively fostering open-source contributions to the blockchain ecosystem by sponsoring and providing financial support through initiatives like the Chainlink Community Grant Program and the Gitcoin Grants Round 7, which employs a quadratic funding model. This approach prioritizes projects with widespread community support over those backed by a few large donors, thus democratizing funding allocation. By matching individual donor contributions up to 1.4 times, Chainlink aims to enhance funding for popular projects, thereby accelerating the growth of open-source projects, decentralized infrastructure, and community outreach. This commitment underscores Chainlink's belief in the importance of supporting blockchain infrastructure as a public good, ultimately benefiting both the Chainlink ecosystem and the broader blockchain industry by promoting innovative and accessible infrastructure for a decentralized future.