The Gitcoin price is $0.99, a change of -0.87% over the past 24 hours as of 9:18 a.m. The recent price action in Gitcoin left the tokens market capitalization at $60,179,794.92. So far this year, Gitcoin has a change of -22.41%. Gitcoin is classified as a Computing under CoinDesks Digital Asset Classification Standard (DACS).
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The index could provide a stream of income for Gitcoin to raise funds for grants – if users are attracted to the new index that exposes token holders to a diversified set of liquid staking tokens.
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The donation from a group headlined by NEAR, Solana and Celo comes in addition to $300,000 raised via Gitcoin.
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Kraken is for the first time funding open-source Ethereum projects.
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The campaign, by CoinDesk, Gitcoin, Ethereal and the Giving Block, raised money for COVID-19 relief using "quadratic funding" to make donations.
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