Summary
GiveCrypto, an initiative founded by Coinbase CEO Brian Armstrong, has donated $3.6 million to Brink, a non-profit organization dedicated to funding Bitcoin developers. Brink, founded by Bitcoin developers John Newbery and Mike Schmidt, provides financial support and mentorship to developers working on open-source Bitcoin development. The donation will enable Brink to expand its efforts in funding Bitcoin developers and supporting essential projects within the Bitcoin ecosystem. Coinbase had previously announced that it would wind down GiveCrypto and donate the remaining funds to Brink and GiveDirectly.
Key Points
1. GiveCrypto, an initiative founded by Coinbase CEO Brian Armstrong, has made a significant donation of $3.6 million to Brink, a non-profit organization dedicated to funding Bitcoin developers.
2. Brink, founded by renowned Bitcoin developers John Newbery and Mike Schmidt, aims to provide financial support and mentorship to promising developers working on open-source Bitcoin development.
3. The substantial donation from GiveCrypto will enable Brink to expand its efforts in funding Bitcoin developers and supporting essential projects within the Bitcoin ecosystem, accelerating the advancement of the Bitcoin protocol and driving innovation.