Arthur Hayes’ Maelstrom Fund has introduced a brand new grant program to assist builders on the Bitcoin blockchain. This system is completely for builders on the Bitcoin blockchain.
Grants As much as $250,000
The Maelstrom Bitcoin Grant Program gives builders funding starting from $50,000 to $150,000 on a 12-month foundation.
Saying the @MaelstromFund #Bitcoin Developer Grant Program. As loyal followers of Lord Satoshi, we’re doing our half to unfold the phrase. Please apply on our web site, hyperlink beneath, if you need to submit a proposal.https://t.co/3xOdyrjTzS
— Arthur Hayes (@CryptoHayes) July 17, 2024
This system permits for grant stacking, doubtlessly offering as much as $250,000 per particular person developer. This substantial monetary assist goals to draw prime expertise and gas significant developments in Bitcoin’s expertise.
As per the announcement: “The target of this system is to assist with the technical growth of Bitcoin and improve its resilience, scalability, censorship resistance, and privateness traits. We have now the capability to assist Bitcoin builders and are dedicated to an open and clear grant course of.”
Grants are issued in Bitcoin, USD Coin, and Tether USDT. Purposes are open till August 25. The grants are anticipated to be awarded in Q3 or This fall of 2024.
Moreover, every candidate can anticipate one interview with a assessment committee member earlier than issuing the grant.
Arthur Hayes, former CEO of BitMEX and present CIO of Maelstrom, emphasizes this system’s dedication to an open and clear grant course of.
The Maelstrom Fund’s transfer displays a rising pattern of personal sector assist for cryptocurrency growth.
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