Just In: Arthur Hayes Announces Maelstrom Bitcoin Grant Program

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As a seasoned researcher with a background in the crypto industry and a keen observer of market trends, I find Arthur Hayes’ latest announcement regarding Maelstrom’s Bitcoin Developer Program to be an exciting development that could significantly contribute to the growth and enhancement of the Bitcoin ecosystem.

Arthur Hayes, co-founder of BitMEX, announced the launch of Maelstrom’s first Bitcoin developer grant program on July 17, 2023. This initiative has created a ripple effect throughout the crypto industry as an endeavor to bolster the ecosystem by supporting talented Bitcoin developers.

Based on my extensive experience in the cryptocurrency world and having closely observed market trends, I can confidently say that a recently introduced program for boosting Bitcoin (BTC) development has generated significant buzz. This initiative seems to have struck a chord with developers and investors alike, as demonstrated by its rapid growth in popularity.

Arthur Hayes Unveils BTC Developer Program

In his latest post on X, the BitMEX co-founder emphasized the significance of the “Maelstrom Bitcoin Developer Program.” This program is designed to foster the technological advancement of Bitcoin and improve its key features such as resilience, scalability, censorship resistance, and privacy.

Maelstrom’s website declared that they have the ability to aid Bitcoin developers and are dedicated to maintaining an open and clear grant application procedure. They invited applications from developers, with August 25 being the last day for submissions.

Simultaneously, the fund revealed additional key information on the grant program. This included:

    Grants will be issued for 12 months, and payments are made monthly in the form of BTC, USDC, and USDT only.
    The grant will offer a range from $50,000 to $150,000 per developer.
    Notably, grants, when approved, are expected to be awarded in Q3 and Q4 2024.

Devs looking for more information can head to the Maelstrom official site.

More about Maelstrom

The platform is described as being overseen by the family office of Arthur Hayes, who co-founded BitMEX. Their objective is to create a lasting investment portfolio in infrastructure companies that will underpin the future of trustless decentralization.

An investment fund typically seeks opportunities in the small-cap, venture-stage market, investing between $100,000 and $250,000 in both equity shares and digital tokens.

In the meantime, the announced plans are anticipated to bring about significant advancements in the development of dApps, smart contracts, and Bitcoin-based blockchain protocols. According to Arthur Hayes, the company intends to support developers in the Bitcoin ecosystem as he emphasized, “Bitcoin serves as the foundation asset in the crypto world,” making it a crucial element of the entire crypto industry.

Additionally, this declaration is made as Bitcoin displays impressive signs of bouncing back following a downturn in its previous trend. The value of Bitcoin reached $65,183 on this day, representing a 3.49% increase compared to the previous 24 hours.

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2024-07-17 11:44