The Human Rights Foundation is funding the Bitcoin (BTC) ecosystem to the tune of $325,000.

Could Bitcoin be useful for protecting citizens’ rights? The Human Rights Foundation, an organization that defends human rights around the world, has awarded $325,000 in grants to projects directly or indirectly related to the Bitcoin (BTC) ecosystem for their activities in favor of individual liberties.

Support for the Bitcoin (BTC) ecosystem

While regulators and some institutions have grown distrustful of cryptocurrencies since the collapse of FTX, nonprofits continue to stand by the sector. Recently, The Human Rights Foundation has funded 12 projects around the Bitcoin (BTC) ecosystem, raising a total of $325,000..

Non-profit, this foundation aims to promote respect for human rights at the international level. In addition, the values ​​it advocates are close to those of the Web3 ecosystem. As highlighted on its website, by supporting global and secure access to finance for all:

“In 2020, the Human Rights Foundation launched a fund to support developers of software that makes the Bitcoin network more private, decentralized and sustainable so that it can serve as a better funding tool for human rights defenders, civil society organizations and journalists around the world . . »

As for the fund’s recent financial participations, they have mainly taken place in Africa, Central America, South Asia, the Middle East and Eastern Europe. These geographic areas are strategic because these are the places where Bitcoin network innovation among locals is growing the fastest.

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Who benefited from these funds?

As for the grantee structures, they can be divided into three categories. in one hand, We find coders directly involved in improving the Bitcoin blockchain developers such as Gleb Naumenko and Matias Furszyfer focus their activities on network security and scalability.

On the other hand, we allocate the most to projects aimed at the democratization of Bitcoin. As a result, projects like Bitcoin4India and Bitcoin Mountain were awarded $25,000 each for their involvement in educating people about Bitcoin in India and Cameroon.

Finally, funding was also allocated to the New Belarus and Raseef 22 projects, which aim to improve respect for human rights in regions under political tension. where Bitcoin can be used as a tool for representative democracy.

Since the creation of its Bitcoin-dedicated fund in 2020, the Human Rights Foundation has distributed grants to nearly sixty developers in twenty different projects. the estimated total is $1.8 million.

If you want to donate to the fund:

If you would like to submit projects for support, please email here: [email protected]

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Source: WB

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