Gitcoin is shutting down Grants Lab by May 31, 2025—here's what's actually happening. Founder Kevin Owocki just announced they're killing off the core dev team and sunsetting Grants Stack, basically admitting the public goods funding space isn't as profitable as they hoped. Key reasons: the Web3 funding environment shifted, top talent bailed, and there's no sustainable revenue model to keep it running. The play now? Gitcoin's pivoting to a leaner Grants operation and offering severance packages to affected staff. TL;DR: Another crypto infra project hitting the reality check—the hype around decentralized funding wasn't enough to keep the lights on.