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FTX announces $450K commitment to Brink Technology

Sat 14 Aug 2021 ▪ 13h19 ▪ 2 min read — by Felix Meyer

FTX, the world’s fastest-growing crypto exchange, has announced its plans to allocate $450,000 (~£325,000) to Brink Technologies over the span of the next three years. The grant will be split into three annual installments.

Why is Brink so important? 

Brink is a non-profit organisation whose mission is to support the Bitcoin (BTC) community by providing grants and stipends for companies and devs alike. The company constantly nurtures new talent, thus greatly contributing to the technological growth of the Bitcoin network. 

According to the terms of the partnership, FTX will be covering the expenses needed to train promising Bitcoin developers at Brink.

A word from the higher-ups 

We’ve heard from the co-founders of both FTX and Brink, who shared their ideas on the new arrangement. 

CEO of FTX Sam Bankman-Fried says, “Bitcoin is foundational to the entire crypto space, and Brink is doing phenomenal work recruiting and supporting a new generation of talent to keep the network strong. We believe educational programs and opportunities for research like this are essential, and this partnership represents one of many initiatives FTX plans to make to educate further those looking to find ways to be a part of this new and expanding field.”

John Newberry, the Co-Founder of Brink added, “Brink’s mission is to provide support to open-source developers and strengthen the Bitcoin protocol and network. We’re delighted that FTX is the first donor to commit to multiple years of funding, giving us the financial stability to make long-term investments in Bitcoin’s open-source developer community.”

Good news for anyone considering getting into crypto development, as the newly forged FTX-Brink alliance is a great example of how the crypto market can nurture a healthy and motivating working environment that seeks to benefit all parties involved.

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Felix Meyer avatar
Felix Meyer

Le trading et l'analyse technique sont mes spécialités depuis 4 ans. Je décortique le marché et vous partage mon expertise.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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