Kraken Grants $150,000 to New Bitcoin Developer Center Brink

We are pleased to announce Kraken has agreed to donate $150,000 to Brink, a new research and development center seeking to educate the next generation of Bitcoin developers.

Founded by Chaincode Labs developer John Newbery and Bitcoin Optech contributor Mike Schmidt, Brink aims to address two issues: how to sustainably fund open-source developers working on Bitcoin and how to bring new developers into the project, which is today primarily supported by volunteers. 

Brink will offer grants to established open-source developers and onboard new talent through a year-long fellowship. Funds provided by Kraken will benefit the Brink mentorship program. 

Grants will be awarded by the Brink board, based on the individual’s contribution history and potential. Funds will be awarded at the discretion of Brink, free from influence of any corporate sponsors, including Kraken.

“I’m thrilled to partner with Kraken on our grants and fellowship programs. Kraken’s investment in established open-source developers and newer contributors highlights their commitment to strengthening Bitcoin and ensuring its long-term success,” John Newbery, Executive Director at Brink said. 

At Kraken, we recognize Bitcoin and cryptocurrencies would not exist without the hard work and dedication of open-source developers. In recognition of their valuable contributions, Kraken has started a grant program to support promising developers and projects. 

Over the past year, we have made two grants of $150,000 each, and supported a third project through a full-time hire. See our grant page for an overview of our program and how to apply.

About Kraken

Are you a developer looking to further your open-source project or simply looking for your next great career opportunity? Kraken would be interested to hear from you. 

We want people who constantly push themselves to think differently and chart exciting new paths in a rapidly growing industry. 

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About Brink 

Brink offers a new model for onboarding and funding Bitcoin protocol developers. 

The organization has applied to be a 501(c)(3) non-profit in the United States. Please contact donors@brink.dev if you would like to contribute to their work. To learn more, visit brink.dev