Arthur Hayes’ Family Office Fund Maelstrom Launches Bitcoin Grant Program
Arthur Hayes’ Family Office Fund, Maelstrom, has unveiled a new initiative to support the advancement of Bitcoin, announcing a dedicated grant program aimed at enhancing the cryptocurrency’s technical capabilities and strengthening its fundamental attributes.
Furthermore, the program seeks to cultivate innovation and foster growth within the Bitcoin ecosystem by offering financial support to developers working on key areas such as scalability, resilience, censorship resistance, and privacy features.
Additionally, applications for the grant program are open until August 25, 2024, with a 12-month funding period. Moreover, each selected developer will receive a grant ranging from $50,000 to $150,000, capped at a total of $250,000 per year.
This initiative underscores Maelstrom’s commitment to Bitcoin’s long-term success and its potential as a transformative technology. Nonetheless, by providing financial resources to talented developers, the grant program aims to accelerate progress in key areas that are crucial for Bitcoin’s continued growth and adoption.
Arthur Hayes Maelstrom Launches Bitcoin Fuel Innovation
According to the source, the grant program will prioritize applications demonstrating innovative solutions with the potential to significantly impact Bitcoin’s technical capabilities.
Notably, applications will be evaluated based on factors such as the technical feasibility, viability, and practicality of the proposed solutions, as well as the potential impact of the project on Bitcoin’s growth and adoption.
The impact of this initiative extends beyond financial support. It provides a platform for recognition and collaboration within the Bitcoin development community. By bringing together talented developers and fostering a culture of open-source collaboration, the grant program can accelerate progress and drive the advancement of Bitcoin technology.
The Maelstrom Bitcoin Grant Program represents a significant step towards a more robust and future-proof Bitcoin network. By supporting the development of critical functionalities, Maelstrom is investing in the long-term success of Bitcoin and the broader cryptocurrency landscape. This initiative is a testament to the continued evolution and growth of Bitcoin as a global financial technology.
Binance Labs Allegedly Invested in 21 of 30 Binance Launchpool Projects
Binance Labs is actively investing in promising blockchain projects, with a significant focus on token launches by Binance-backed projects. The WuBlockchain team has identified ten projects invested in by Binance that are likely to issue tokens in the second half of 2024.
These projects include Babylon, Xterio, Movement, Tabi, Puffer, Solv, Zest, Zircuit, StakeStone, and Lorenzo. The size of these projects, along with Binance’s established influence, suggests an upcoming wave of token launches. Additionally, further analysis shows Binance’s deep commitment to the Web3 space.
According to WuBlockchain, out of the nearly 30 projects featured on Binance Launchpool, which allows users to earn tokens through staking, Binance is backing 21 of them.
