Kevin Owocki Expands Web3 With Allo.Capital Launch

• Kevin Owocki founded Gitcoin to fund open-source blockchain projects, distributing over $66 million to developers and supporting Ethereum’s ecosystem.
• Owocki launched Allo.Capital in 2025 to expand decentralized funding, empowering innovators through research, software development, and venture capital.

Almost every developer has wondered, “How can I continue to develop open-source software while also paying my bills?” That was the dilemma Kevin Owocki, a software programmer who finally founded Gitcoin, battled.

Owocki knew the conundrum all too well, having studied computer science at the University of Delaware and more than 15 years of experience in the tech business. Open-source is only a pastime for some. Others find it a calling that cannot always be financially sustained.

Still, he noticed a gap. Blockchain was creating new possibilities in the digital economy, and Owocki thought the financial structure could be altered. Could the same be true for open-source software if people could give to projects they felt worthy?

Gitcoin: From Experiment to Web3 Funding Powerhouse

Owocki started Gitcoin in 2017, having a major concept in mind. The platform was meant to close the distance between open-source projects and developers so they might get community donations. Originally a little experiment, Gitcoin developed into a financing center for thousands of projects in the Ethereum and Web3 ecosystems.

More fascinatingly, Gitcoin’s idea is about creating a fairer incentive system as much as about money giving and receiving. Funds are distributed under a quadratic funding method depending on individual donations rather than only the total raised. This guarantees that projects with numerous modest sponsors can still obtain the money they are due.

So the outcome is More than US$66 million has been allocated thus far to around 5,000 open-source projects. a success above the expectations of many, including Owocki personally.

GreenPill Podcast: Blockchain for Social Good

Gitcoin, on the other hand, transcends mere technology or a fresh funding source. For Owocki, it is about creating a more sustainable future for the digital community. He is often talking of the idea of “regenerative cryptoeconomics”—that blockchain-based economies should not just seek profit but also generate sustained societal value.

Not content to stop there, he also started GreenPill, a podcast exploring social good uses for cryptocurrency. His laid-back approach motivates listeners to consider the actual influence of blockchain technology instead of merely price speculation.

Still, creating something fresh is not always easy. Among the difficulties Owocki has encountered are internal Gitcoin community arguments. While some felt there was still opportunity for misuse, others thought the quadratic funding mechanism was overly complex. As he frequently notes, though, “if something is easy, it probably isn’t revolutionary enough.”

Kevin Owocki Expands His Vision with Allo.Capital

Moreover, Owocki decided to start a new chapter following years of Gitcoin development. He started Allo.Capital in 2025, a project spanning more ground than just a financing vehicle. Though this time with a more comprehensive approach, the idea still conforms with Gitcoin—helping projects receive resources.

ALLO.Capital builds a network of innovators who can help one another, not only about allocating funds. From software development to research, Owocki seeks to create an environment where socially conscious projects may thrive.

Kevin Owocki, then, is content with his achievements? Not very likely. His trip teaches us just one thing: the digital world is continually changing and people like Owocki will always discover means to improve it. Should Gitcoin be the starting point, Allo.Capital might only be the beginning of something more.