On Friday, financial services company VanEck promised to donate 5% of its possible earnings from its bitcoin ETF, should it be approved, to the core creators of Brink’s bitcoin BTC -0.38%.

“Your tireless dedication to decentralization and innovation is the cornerstone of the Bitcoin ecosystem, and we’re here to support it—more details to come,” VanEck said in an article on X.

VanEck continued by saying that it has given Brink a $10,000 start-up gift to help with its operations.

A member of Brink’s board, Jonathan Bier, stated, “I think it’s fantastic news.” “Open source development work on Bitcoin is really important and it’s fantastic that VanEck will generously give back to the core backbone of the ecosystem.”

investigation and creation
Brink was established in 2020 with the goal of advancing the Bitcoin protocol via development, research, and community support for Bitcoin developers. It features a grants program for current Bitcoin developers as well as a fellowship program to introduce fresh software engineers to the field of Bitcoin development.

Brink was awarded $5 million by Jack Dorsey’s Smart Small financing initiative in June 2023.