This podcast episode explores the evolution of Gitcoin from a centralized grants platform to a decentralized protocol, and highlights the potential of Gitcoin 2.0 to revolutionize capital allocation at scale. Gitcoin 2.0 introduces new funding mechanisms, such as direct grants and retro public goods funding, alongside quadratic funding. The episode discusses the modularity of Gitcoin 2.0, the importance of the Ethereum Virtual Machine (EVM) ecosystem, and the process of decentralizing Gitcoin into a DAO. It also delves into the Allo Protocol, a tool for decentralized capital allocation, and the future of capital allocation in Web3. Finally, the episode envisions a Gitcoin 3.0 that can transform the funding of social impact projects.