Reynolds Foundation Donates $1 Million To Fund Bitcoin And Open-source Projects

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OpenSats, a non-profit group that helps the event of free and open-source software program and tasks specializing in Bitcoin, introduced at present that it has acquired a $1,000,000 donation from The Reynolds Basis.

OPENSATS RECEIVES $1,000,000 DONATION FROM REYNOLDS FOUNDATIONThe Reynolds Basis is supporting OpenSats with a beneficiant $1M donation, noting that they "warmly invite fellow philanthropists to hitch [them] in supporting this groundbreaking endeavor."https://t.co/NdcBcvc5rQ

— OpenSats (@OpenSats) April 22, 2024

“As new supporters of OpenSats, we’re deeply appreciative of the chance to interact with a group that exemplifies transparency, professionalism, and inclusivity, all whereas championing the acceleration of freedom,” mentioned Dr. Álvaro Salas-Castro, Reynolds Basis President & CEO. “We firmly consider that the method is simply as essential, if no more so, than the end result. OpenSats stands as a testomony to the facility of each. Our group embraces a shared mantra of joyful optimism paired with a realistic strategy: Togetherness. This ethos, cultivated by the Reynolds Basis underneath the visionary management of our founder, Tim Reynolds, embodies our dedication to freedom and scalability.”

The donation from the Reynolds Basis shall be devoted completely to supporting open-source tasks and contributors engaged on freedom tech. Since OpenSats’ operational price range is funded individually, it permits them to dedicate 100% of donations to funding open-source initiatives, the announcement said.

OpenSats additionally inspired fellow philanthropists to hitch their mission and contribute to funding open-source Bitcoin growth. People and organizations aligned with OpenSats’ mission are additionally invited to use for grants right here, per the announcement.

These funding alternatives enable passionate contributors engaged on Bitcoin and freedom tech to entry the sources they should help their tasks.

“We warmly invite fellow philanthropists to hitch us in supporting this groundbreaking endeavor, OpenSats,” Salas-Castro continued. “Their work ensures that our collective efforts considerably impression the group we’re devoted to serving. Collectively, we are able to repair the cash to repair the world.”