Early Gitcoin grantees include companies like Uniswap, Optimism, Yearn, Gnosis, and 1Inch. The combined market caps of these companies that have launched tokens, as well as the private valuations of those that have raised capital without tokens, far exceed the initial funding provided. Many of these companies have contributed back to the ecosystem by supporting public goods, but raising new funds for future rounds remains a challenge. This challenge is particularly pronounced during bear markets, when capital is scarce and securing venture funding becomes more difficult.
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