Gitcoin has announced the closure of its Grants Lab, a key initiative designed to support open-source projects, as part of a broader restructuring effort. This decision follows a period of financial challenges and market volatility, forcing Gitcoin to reprioritize its resources. The move is driven by the need to refocus on the core strength of the platform: its Grants Program. Leadership highlights that this shift will allow Gitcoin to better serve its users and ensure continued funding for impactful initiatives. Despite the closure of the Grants Lab, the company remains committed to its mission, ensuring affected employees receive support as they navigate the transition. This restructuring follows a historical trend of similar organizational shifts that have led to greater focus and effectiveness. The community has expressed positive feedback regarding this strategic decision, emphasizing its commitment to Gitcoin’s core values and long-term success.