“Hard Core Fund” Collects 50 BTC In Order To Support Bitcoin Core Developers
One of the main problems of developing for cryptocurrency ecosystems is funding. When the projects are not necessarily for profit and are decentralized, how do you fund them? This was also the question that was on Dovey Wan’s head.
Wan is a venture capitalist from Primitive Ventures and she considers this to be one of the main challenges of 2019 for crypto devs. Now, in order to bridge this gap and solve the problems, she has decided to gather 50 BTC (around $450,000 USD) in order to help them.
The fund will be managed by Hard Core Fund, a new initiative that was originally created by Wan and Pan Zhibiao, a former Bitmain employee. The idea is to support BTC Core developers such as Luke Dashjr and Ben Woosley, for instance.
Anyone can donate to the fund and the developers can send an email in order to outline their work and receive some sum of money for their effort in developing the technology.
According to Wan’s recent interview with Coindesk, she has collected 50 BTC for the fund so far. The fund would obviously need more money in order to fund more full-time Bitcoin developers, which is the objective. At the moment, less than full-time 10 developers are being a part of the project.
She also affirmed that, in the future, she expects more companies to be supportive of developers. Several companies such as Chaincode Labs, Blockstream and Square already do it and she affirmed that companies such as Microsoft are possibly going to become the next ones.
This fund, however, is mostly an independent initiative in order to fund these people. She affirmed that having a diverse funding model is very important because people will still be able to continue their work even if they lose one of their incomes.
The main idea is that the fund has no say on what the developers are going to create, which is important in order to maintain the decentralization of their work.
In order to be eligible for the fund’s money, you need to show your contributions to the network and they will be judged on the merits of whether you are constantly working to improve it or not. All information for submissions can be sent to Wan via GitHub or to the email of Primitive Ventures.
She affirmed that the company is currently looking for experts that have a deep understanding of the technology or that can be trained and coached by Wan.