Chainlink announces with great delight that they have partnered with the forthcoming Gitcoin Grants Round 15, serving as a matching partner for the main matching pool worth $2.8 million, as part of their ongoing efforts to encourage open source projects. Additionally, Chainlink has high hopes and intentions for their kind and ambitious financial donations intended to boost the development of the Ethereum Network, dApps, and tools, which the community considers to be very significant components. This will all be accomplished using the quadratic funding model of Bitcoin.
The funding that is done by is utilized by financial incentivize developers to help to build and enhance existing key infrastructures. This would include and bring into the spectrum Ethereum clients, open source programming libraries, testing suites, improved and updated user interfaces, deployment tooling, and monitoring tools of all relevant kinds.
In addition, the funding also assists in supporting the maintenance related to the field of current essential infrastructure. This definitely acts as a great boon for the various types of developers and consumers who are dependent on such precise factors and thus also plays the role of helping to guarantee that the Ethereum infrastructure and dApp marketplace remain functional round the clock and with a heightened sense of security.
Therefore, this move on the part of Chainlink in supporting the Gitcoin Grants Round 15 is seen as a huge step forward in the overall sense of perseverance in providing all-around assistance to blockchain and smart contract creators right across the realm of the network of chains. Superseded by its ability to successfully create a scenario of being a financial support system, Chainlink, which may also employ the quadratic funding model, continues to play a significant role as a matching partner in Gitcoin Grants for Ethereum.