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

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

+1.33%
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.

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