Gate News Report, March 12 — According to Gate Market Data, as of press time, GTC (Gitcoin) is trading at $0.11, up 34.89% in the past 24 hours, reaching a high of $0.12 and a low of $0.08. The 24-hour trading volume is $6.1 million. The current market cap is approximately $9.95 million, an increase of $2.57 million from yesterday. Gitcoin is an authoritative reference library for the Ethereum funding ecosystem, focusing on providing reliable directories and reference resources for the funding mechanisms, platforms, case studies, and research of the next-generation internet. The platform integrates contemporary trends such as crowdfunding, AI, Ethereum, open-source software, stablecoins, decentralized networks, participatory budgeting, and 21st-century collective action. Gitcoin offers users over 120 case studies.

Ethereum founder Vitalik Buterin stated on X that the in-depth funding mechanism of Gitcoin Grants is still operational and suggested continuing to improve it, especially to meet the demands of chaotic times. He believes that this mechanism has the advantages of the selection principle and artificial intelligence but still exhibits features of a "stable era," requiring further adjustments to adapt to future changes.