VanEck Commits 5% of Potential Profits to Support Brink
Investment firm VanEck has announced that it will allocate 5% of potential profits from its proposed spot Bitcoin ETF to support Bitcoin core developers at Brink. This move demonstrates VanEck’s long-term commitment to the Bitcoin ecosystem. VanEck expressed gratitude for the developers’ contributions and acknowledged their crucial role in the ecosystem.
VanEck Donates $10,000 to Brink
To kickstart its support, VanEck has donated $10,000 to Brink, an organization focused on enhancing the Bitcoin protocol through research and development. This donation is a positive step towards strengthening open-source development work on Bitcoin.
Positive Response from Brink
Brink board member Jonathan Bier hailed VanEck’s commitment as “fantastic news.” He emphasized the importance of open-source development and expressed appreciation for VanEck’s generous contribution to the core backbone of the Bitcoin ecosystem.
Closing Thoughts
This announcement by VanEck highlights the growing corporate support for open-source development in the crypto industry. By pledging a portion of its potential profits, VanEck is demonstrating its dedication to the long-term success and innovation of the Bitcoin ecosystem. This move could inspire other companies to follow suit and contribute to the development of cryptocurrencies.
By
By
By
By
By
By