On April 25th, Kevin Owocki, co-founder of Gitcoin, posted on social media that Gitcoin will close its main software development department, Grants Lab, and bid farewell to some excellent team members. This is one of the most difficult decisions since the establishment of Gitcoin. Behind this decision is the change of the ecological environment: the way of public goods funding is evolving, the L2 ecosystem is gradually maturing, the collaboration mechanism is constantly innovating, and new competitors are constantly emerging. At the same time, key members of Grants Lab have left one after another, and the team lacks a clear and sustainable profit model in its current form, resulting in its financial expenditure exceeding the affordable range. Therefore, Grants Lab will no longer request a budget for the second half of 2025, and the remaining funds will be used to issue severance compensation to affected employees. Gitcoin said they will do their best to support the transition of departing employees in a respectful and caring manner.