The Human Rights Foundation has launched a new round of funding to boost the development of projects focused on the Bitcoin ecosystem.
A total of 18 new projects have received funding from the Human Rights Foundation to accelerate development and implement new improvements to the Bitcoin protocol and ecosystem.
The non-profit organization, whose mission is to defend and promote human rights and freedom, has awarded funds, worth $500.000 to 18 Bitcoin-focused projects, including the initiative Mi Primer Bitcoin, which started in El Salvador and has spread to other Latin American countries to accelerate the use and adoption of BTC as the world's leading cryptocurrency.
Although the foundation did not detail the funds that were awarded to each of the Bitcoin projects and developers subsidized in this new round of financing, it did highlight that the selected projects are focused on the Global education about Bitcoin and its potential, in the Bitcoin Core Development and in the decentralization of BTC mining. In addition to this, the organization also noted that the new funds will support software developers who are part of closed societies participate in Bitcoin conferences.
The resources allocated to Bitcoin projects in this new round of grants were managed through the organization’s Bitcoin Development Fund, “The Bitcoin Development Fund,” which was launched in May 2020.
Through the Bitcoin Development Fund, the Human Rights Foundation seeks to support the open-source development of Bitcoin, the cryptocurrency that has the potential to empower individuals and communities around the world by promoting financial freedom, inclusion, and equality through blockchain technology.
New Bitcoin projects funded by HRF
In this new round of grants to Bitcoin projects, which corresponds to the fourth quarter of this year, the human rights foundation HRF has contemplated resources for different areas of interest in the world, among which are: Latin America, Africa and the Middle East.
The organization My First Bitcoin, which focuses on providing open source education about Bitcoin, received new funding to support the expansion of its Diploma in Bitcoin in Central America, Latin America and other parts of the world. “HRF funding will specifically support the international expansion and translation of these materials into closed societies,” the human rights foundation said.
Other subsidized projects were Arabic Hodl, focused on making Bitcoin more accessible to more than 400 million people in the Arab community around the world and Monster, a decentralized exchange (DEX) platform built on Nostr.
Also, the developer John Carlson has been subsidized by the foundation in this new round, for its “continuous contributions to updating and improving the Bitcoin Core App project” and human rights advocate and Bitcoin enthusiast, Berta Valle, to promote an interactive online training program on Bitcoin in Nicaragua.
The organization explained that funding for all these innovative projects will help accelerate the development and progress of the Bitcoin network, as well as digital transformation and the empowerment of communities for economic growth and freedom.
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