Jack Dorsey’s Start Small has funded various projects.
It is expected that new Bitcoin developers will receive scholarships from Brink.
Entrepreneur and bitcoin industry benchmark Jack Dorsey pledged a donation of USD 5 million to support scholarships for Bitcoin developers provided by the Brink organization.
so it reported the platform itself on Twitter, where he highlighted that Dorsey, through one of his companies, Start Small, promised the financing of USD 1 million per year for the next five years.
Start Small is a scholarship and grant awarding firm, created by Jack Dorsey in April 2020. Already this company has offered financing in favor of different projects. Among them those related to COVID-19, girls’ education and racial, criminal and social justice.
“It is an honor to receive a generous pledge of $5,000,000 for our developer funding efforts from Jack Dorsey and Start Small,” Brink’s official account wrote.
Brink, a non-profit organization, is dedicated to the support and accompaniment of the developers of the Bitcoin protocol, with an international reach. They offer scholarships so that specialists in the area expand your knowledge about this disruptive technology.
This organization is especially important in the Bitcoin ecosystem, since it is one of the more grants awarded to protocol developers. This is so that they can continue to perform their functions.
New Bitcoin developers awarded Brink scholarships thanks to donations
Last May, Brink launched a donation drive in collaboration with Bitcoin mining company Marathon Digital Holdings. The intention was to provide financial support to Bitcoin developers. As well as promote the growth of cryptocurrencyas reported by CriptoNoticias.
According to the WhoFundsBitcoin tracking site, Brink figure among the organizations that most finance Bitcoin developers. It is next to other similar institutions, like HRF, Chaincode Labs and OKCoin.
Mike Schmidt, the co-founder of Brink, asserted that the funds donated by Jack Dorsey will allow scholarships to be awarded to new Bitcoin developers. He also clarified that the money will be used to strengthen the current scholarship program.
Brink has not only received donations from Dorsey, as the co-founder of Bitcoin mining pool F2Pool, Chun Wang, also donated $100,000 to Brink recently.
Funding for Bitcoin developers is an essential part of the protocol’s long-term prevalence. Generally, it is companies and non-profit organizations that support Bitcoin programmers..