GitPOAP, a Boston, MA-based contributor recognition platform that provides software projects with a novel way of recognizing and nurturing their communities through POAP issuance on Github, raised $4.2M in Seed funding.
The round was led by Inflection.xyz and Libertus Capital with participation from Avalanche VC, Protocol Labs, POAP, Balaji Srinivasan, Worthalter, Anthony Sassano, Superphiz and Mariano Conti, amongst others.
The company intends to use the funds to grow its team, onboard more projects, and build integrations to bring value and utility to its ecosystem.
Led by CEO Colfax Selby, GitPOAP is a contributor recognition platform that integrates POAP issuance into GitHub. It bridges the space between existing off-chain contribution platforms such as GitHub and the on-chain world of DAOs & decentralized identity through the representation of meaningful contributions as POAPs. This provides software projects – and eventually many more types of organizations – with a novel way of recognizing & nurturing their communities. At the same time, contributors can showcase this socially-sourced, immutable record of their work, build networks, & develop a web3 representation of their identity.
GitPOAP can be used by two sets of users: contributors and project leaders. Contributors can create public, immutable, and unbiased records of their work. While project leaders can recognize, nurture, and grow their communities of contributors in a novel way. First, a contribution is made – GitPOAP is configured to identify meaningful contributions that match a configured pattern. Then, a GitPOAP is awarded to contributors as an award that is claimable by signing into GitPOAP with their GitHub account.
GitPOAP is now memorializing contributions to 617 repositories at the center of the Ethereum ecosystem including the Ethereum protocol and client teams, developer infrastructure and tooling (e.g., Solidity, OpenZeppelin, HardHat, web3,js, ethers.js, web3.py), and many other foundational projects (e.g., Yearn, Ledger, Gitcoin, Gnosis Safe & Chain, Rotki). Today, GitPOAP also announced it has increased capability and is ready for any open source project to use.
FinSMEs
19/08/2022