{"id":137488,"date":"2023-09-02T05:39:42","date_gmt":"2023-09-02T00:09:42","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=137488"},"modified":"2023-09-02T05:39:42","modified_gmt":"2023-09-02T00:09:42","slug":"gitcoins-collaboration-with-shell-angers-crypto-community-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/gitcoins-collaboration-with-shell-angers-crypto-community-crypto-news\/","title":{"rendered":"Gitcoin\u2019s Collaboration With Shell Angers Crypto Community &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>Oil Giant Will Contribute To Climate Rounds For The Next Four Quarters, GTC Drops 8%<\/p>\n<div>\n<p>Gitcoin, a platform that supports open-source software development, has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.gitcoin.co\/blog\/gitcoin-shell-collaboration\">announced<\/a> a year-long collaboration with multinational oil and gas conglomerate Shell PLC.<\/p>\n<p>\u201cWe\u2019re excited to announce this collaboration with Shell as another key example of the real-life potential to scale transparent funding allocation via blockchain technology for real-world solutions,\u201d said Gitcoin&#8217;s Head of Impact Azeem Khan.<\/p>\n<p>The partnership aims to develop open-source climate solutions, but it appears the crypto community isn&#8217;t impressed. Gitcoin&#8217;s governance token GTC fell 8% on the news.<\/p>\n<figure><figcaption class=\"text-center text-xs\">GTC Price<\/figcaption><\/figure>\n<p>Shell will donate to Gitcoin&#8217;s climate solutions rounds for the next four quarters and will also contribute to a hackathon in Q4 2023 focusing on energy-related issues using blockchain. The amount that Shell plans to donate hasn\u2019t been disclosed.<\/p>\n<h2>Greenwashing Accusations<\/h2>\n<p>The crypto community has reacted largely negatively to the partnership, with some accusing Gitcoin of participating in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LefterisJP\/status\/1691118667071627264\">greenwashing<\/a> \u2013 akin to putting a green bow on a gas-guzzling SUV and calling it eco-friendly.<\/p>\n<figure><img decoding=\"async\" alt=\"the-defiant\" loading=\"lazy\" width=\"629\" height=\"783.872813990461\" data-nimg=\"1\" class=\"mx-auto\" id='b' style='filter: url(%23b)' src=\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Fc966f340a4517de5ee21c54c8aba5e2794ef3ca5-629x642.jpg&amp;w=828&amp;q=75\" \/><\/figure>\n<p>Others criticized the collaboration as tone-deaf and undermining Gitcoin\u2019s credibility.<\/p>\n<p>\u201cI think $500k is a pittance especially if you look at shells contribution to the climate crisis &amp; the brand damage to @gitcoin is immense,\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/owocki\/status\/1691488210315288576\">wrote<\/a> founder Kevin Owocki, who is no longer with the project.<\/p>\n<figure><img decoding=\"async\" alt=\"the-defiant\" loading=\"lazy\" width=\"582\" height=\"364.2061855670103\" data-nimg=\"1\" class=\"mx-auto\" id='b' style='filter: url(%23b)' src=\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Fe412a65eedbf82ccae2b5ccaced7234f2d17463f-582x276.jpg&amp;w=828&amp;q=75\" \/><\/figure>\n<p>These negative reactions contrast sharply with the praise Gitcoin received last month for launching its Layer-2 Public Goods Network (PGN). Built using Optimism&#8217;s OP stack, the PGN aims to finance public goods as a fee-efficient Layer-2 network.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Oil Giant Will Contribute To Climate Rounds For The Next Four Quarters, GTC Drops 8% Gitcoin, a platform that supports open-source software development, has announced a year-long collaboration with multinational oil and gas conglomerate Shell PLC. \u201cWe\u2019re excited to announce this collaboration with Shell as another key example of the real-life potential to scale transparent [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":137489,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-137488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=137488"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137488\/revisions"}],"predecessor-version":[{"id":148404,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137488\/revisions\/148404"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/137489"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=137488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=137488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=137488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}