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Bitcoin Development Boost: FTX Is Donating $450K to Brink
Sam Bankman-Fried's crypto exchange is committing to a three-year sponsorship of the coding nonprofit.
FTX is sponsoring the development of the thing that brought us here: Bitcoin.
STORY CONTINUES BELOW
- The cryptocurrency exchange is committing $150,000 a year for the next three years to Brink, an organization that helps fund Bitcoin's open-source developer community, according to an announcement on Friday.
- "Bitcoin is foundational to the entire crypto space, and Brink is doing phenomenal work recruiting and supporting a new generation of talent to keep the network strong," FTX founder Sam Bankman-Fried said in a statement.
- Brink launched in 2020 with funding from the Human Rights Foundation, Square Crypto and crypto exchange Gemini. Crypto lender Nexo and others have chipped in since then.
- FTX joins a growing list of crypto firms stepping up to the plate to keep the open-source work of Bitcoin Core contributors well supported. It is the first company to make a multiyear donation commitment.
Read more: Human Rights Foundation, Compass Mining Give $80K to Sponsor Bitcoin Developer
Zack Seward
Zack Seward is CoinDesk’s contributing editor-at-large. Up until July 2022, he served as CoinDesk’s deputy editor-in-chief. Prior to joining CoinDesk in November 2018, he was the editor-in-chief of Technical.ly, a news site focused on local tech communities on the U.S. East Coast. Before that, Seward worked as a reporter covering business and technology for a pair of NPR member stations, WHYY in Philadelphia and WXXI in Rochester, New York. Seward originally hails from San Francisco and went to college at the University of Chicago. He worked at the PBS NewsHour in Washington, D.C., before attending Columbia’s Graduate School of Journalism.
