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

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

OPENSATS RECEIVES $1,000,000 DONATION FROM REYNOLDS FOUNDATION

The Reynolds Basis is supporting OpenSats with a beneficiant $1M donation, noting that they “warmly invite fellow philanthropists to affix [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 have interaction with a group that exemplifies transparency, professionalism, and inclusivity, all whereas championing the acceleration of freedom,” stated 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 ability of each. Our group embraces a shared mantra of joyful optimism paired with a realistic method: Togetherness. This ethos, cultivated by the Reynolds Basis beneath the visionary management of our founder, Tim Reynolds, embodies our dedication to freedom and scalability.”

The donation from the Reynolds Basis will likely be devoted fully to supporting open-source initiatives and contributors engaged on freedom tech. Since OpenSats’ operational funds 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 affix their mission and contribute to funding open-source Bitcoin improvement. People and organizations aligned with OpenSats’ mission are additionally invited to use for grants right here, per the announcement.

These funding alternatives permit passionate contributors engaged on Bitcoin and freedom tech to entry the assets they should help their initiatives.

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