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Home»ADOPTION NEWS»VanEck is pledging 5% of potential spot BTC ETF returns to Bitcoin core developers at Brink.
ADOPTION NEWS

VanEck is pledging 5% of potential spot BTC ETF returns to Bitcoin core developers at Brink.

By Crypto FlexsJanuary 6, 20242 Mins Read
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VanEck is pledging 5% of potential spot BTC ETF returns to Bitcoin core developers at Brink.
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Posted 1 minute ago In ~

On Friday, investment firm VanEck pledged 5% of potential profits from a spot Bitcoin ETF if approved: bitcoin BTC

-0.28%
Core developer of Brink.

“Your tireless commitment to decentralization and innovation is a cornerstone of the Bitcoin ecosystem, and we are here to support it. More details to come,” VanEck said. From X’s post.

VanEck added that he initially donated $10,000 to support Brink’s work.

“I think this is fantastic news,” said Jonathan Bier, Brink’s board member. “Open source development work for Bitcoin is truly important and it’s fantastic that VanEck is giving back so generously to the core backbone of the ecosystem.”

research and development

Brink was founded in 2020 to strengthen the Bitcoin protocol through research and development and support the Bitcoin developer community. There is a fellowship program to bring new software engineers into Bitcoin development and a grant program for existing Bitcoin developers.

In June 2023, Brink received $5 million in funding from Jack Dorsey’s Smart Small Funding Initiative.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Tim is the editor-in-chief of The Block. Before joining The Block, Tim worked as a news editor at Decrypt. He holds a BA in Philosophy from York University and studied News Journalism at Press Association Training. X Follow him at @Timccopeland

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