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 ## IPFS Devgrants
 
-Developer grants for IPFS are currently handled via the [**Filecoin Grant Platform**](https://github.com/filecoin-project/devgrants/blob/master/README.md).
+Developer grants for IPFS are currently on hold during the development of [the new governance structure][governance-post] for the protocol. We look forward to your ideas and projects to make IPFS ever better when we re-open in 2024!
+
+For now, share your ideas on the [IPFS forum][ipfs-discourse], [Discord][ipfs-discord] or [Matrix][ipfs-matrix].
+
+IPFS developer grants currently funded by the [Filecoin Grant Platform][ff-grants] will continue until completed, but no new proposals will be accepted. New proposals that do not have a Filecoin component will be evaluated by the respective IPFS and libp2p foundations once they are launched.
+
+[governance-post]: https://protocol.ai/blog/advancing-ipfs-and-libp2p-governance/
+[ipfs-discourse]: https://discuss.ipfs.tech/
+[ipfs-discord]: https://discord.gg/vZTcrFePpt
+[ipfs-matrix]: https://matrix.to/#/#ipfs-space:ipfs.io
+[ff-grants]: https://github.com/filecoin-project/devgrants/