Gitcoin Founder Kevin Owocki Launches ReFi Incubator Supermodular

According to Decrypt, Gitcoin co-founder Kevin Owocki launched the ReFi incubator Supermodular. Supermodular will focus on regenerative finance projects designed to help developers advance Web3 technologies while protecting critical resources and global public goods. As Gitcoin transitioned from a ConsenSys-funded startup to a DAO managed by token holders, the actual business it left behind, Gitcoin Holdings, is being renamed Supermodular. Supermodular and Gitcoin have service agreements that allow the former to continue their normal relationship with the latter. Owocki himself is leaving Gitcoin entirely in 2022, delegating his large holdings of governance tokens to stewards to support its decentralization efforts. The company is also incubating Owocki’s own buidlbox, an app for launching hackathons, and the Gitcoin Grants Stack, a tool for grant managers.