So to summarize, the distinction between the two
Grants Protocol: (assuming the grants rounds will be run here)
A place for pooling resources + community-allocated funding to support projects
vs
Project Protocol:
A place where owners store their project information, build reputation, & apply to various funding rounds
To me, the two products described above are both software which directly compliment each other in the same verticalâdecentralized, community-oriented funding in web3.
A similar comparison to Alphabetâs software offerings could be Google Pay (payment system) vs Google Drive (file storage). They can interact, stand alone, but both still contain Google in the same because they both serve the web-based software vertical.
Looking at the slide deck, I can see the argument for Alphabetâs Platform Branding structure, but please remember the company was called Google until 2015, when they began acquiring different companies in order to expand their brand across untouched verticals.
However, even in 2023, if you take a look at Googleâs product offerings, the most recognized/popular apps on here all have G or Google in the name. We can see that the product names directly appeal to user recognition of Googleâs historical reputation by explicitly including Google or G before the functionâGmail, GSuite, Google Mapsâand it has been instrumental in each productâs smooth adoption.
Also note the other sub brands under Alphabet occupy extremely distinct verticalsâex: Calico - biotech, Verily - research, Google - software, Nest - hardware, GV - ventures.
It took us years to develop the Gitcoin Grants Protocol, and even longer to create a uniquely positive-sum reputation in this chaotic space. Although I have no doubt we have a great roadmap of incoming products, we should first focus on making this current product suite as successful as possible, not trying to prepare for future products that havenât even been made yet. As someone who interacts frequently with builders in this space (& Iâm sure many contributors relate to this experience), the way peopleâs face light up when you mention working with Gitcoin feels incredible and makes me really proud to represent this DAO!
Although Gitcoin has existed in the ecosystem for a considerable bit of time, zooming out, we are still incredibly young in our business stage having been founded in 2017. Would warn against imitating the actions of these web2 titans who have been going through many business cycles, product launches, and acquisition since the 90âs/00âs.
It would be a shame if premature branding additions diluted the Gitcoin brand, because we have been the forerunners in decentralized funding space. Definitely an OG blue chip brand in web3 funding at this point. Many projects/teams in this space will jump at the opportunity to use Gitcoin-branded, created, tested, & approved software. The branded house structure like Adobeâs or Googleâs native apps makes the most sense right now given our product suite offerings + current reputation at this time.
But also noticed we already lowkey have a Platform Brand structure with Schelling Point (distinctly different verticalâirl conference event) and supermodular? both not explicitly mentioning Gitcoin in the name (although frequently interacting w/ Gitcoin communities & causes). Although these web2 brand structures are great examples for us to learn and draw inspiration from, we donât need to imitate. Gitcoin is a unique, recognizable brand name that has plenty of mileage left IMHO.