Brink is a non-profit association dedicated to research and development in Bitcoin.
The signed commitment is 150 thousand dollars per year, for a total of 3 years.
The FTX exchange has signed an agreement with the non-profit association Brink, which will be used to award scholarships and grants to Bitcon developers. The agreement signed for a total of 450 thousand dollars in a period of 3 years, aims to encourage growth within the community of Bitcoin Core programmers.
The FTX press release was picked up by the PR Newswire portal, which details part of the agreement between the exchange and the Brink association. As the text highlights, this would be the first multi-year agreement that Brink would have with a cryptocurrency exchange.
Bitcoin is central to the entire crypto space, and Brink is doing a phenomenal job recruiting and supporting a new generation of talent to keep the network strong. We believe that educational programs and research opportunities like this are essential and this partnership represents one of many initiatives that FTX plans to do to further educate those looking to find ways to be a part of this new and expanding field.
Sam Bankman-Fried CEO of FTX.
Brink, is a non-profit association dedicated to research and development within Bitcoin Core. Founded in 2020, has a scholarship and grant program fully funded by third-party donations.
Between other Brink sponsors there are the companies Blockfi, Nexo, Gemini, Kraken and the Human Rights Foundation. The initial sponsors were John Pfeffer, founder of an investment firm that bears his name, and Argentine Wenceslao Casares, founder of the bitcoin custody service, Xapo.
In the words of Brink co-founder John Newbery, the mission of this association is to provide financial support or help to Bitcoin developers. With this new partnership, “financial stability is given to make long-term investments in the community.”
Apply for a scholarship at Brink
Those people who are interested in a scholarship, They can apply directly from the Brink portal. The grantees will spend a year working hand in hand with software engineers and developers within Bitcoin Core. This will allow them to expand their knowledge in different learning areas such as networks peer-to-peer, proof of work, Taproot, among others.
In the case of grants, developers must have a verifiable curriculum in contributions to Bitcoin or related projects. The people who are assigned the grants will be committed to show, publicly, the development and progress of their Bitcoin-oriented projects.
FTX also scholarship in Axie Infinity
FTX donations have also gone to other areas of the cryptocurrency ecosystem. On August 5, in a fact reported by CriptoNoticias, it was learned that FTX, through an alliance of the company that created the game Yield Guild Games, would grant scholarships to more than 100 Axie Infinity players.
In popular language in the Axie Infinity community, the concept of “scholarship” is known as financing an account, along with the initial 3 axies that are needed. In general, grantees must pay part of the generated SLP tokens to their funder, This taking into account that the minimum investment currently in the game is around USD 1000. In the case of the FTX association, it is unknown if there will be any type of percentage to pay.