A New York-based non-profit organization promoting human rights worldwide once again provides cryptocurrency grants to various projects across the world. The Human Rights Foundation (HRF) awarded seven Bitcoins worth $706,000 to 20 different projects to support people in nations that are under the rule of oppressive governments.
Bigger Grant This Year
In a press statement, the HRF announced that it gave another round of funding to various projects being implemented in different countries, adding that the project financing is part of the non-profit organization’s Bitcoin Development Fund grants.
The foundation said that this year’s crypto grant of more than $700,000 is far bigger than the previous funding released by the organization two years ago.
In 2022, HRF gave away $325,000 to various global projects under its Bitcoin Development Fund Grant.
For this year, the New York-based non-profit organization granted funding which is 217% higher than what it provided in 2022, saying that the foundation gave 20 projects worldwide seven Bitcoins with an estimated worth of $706,000 at the time of release.
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Bitcoin: Global Projects
According to HRF, the beneficiaries of the crypto development fund are projects in countries with authoritarian governments in the regions of Latin America, Asia, and Africa.
The foundation explained that it granted funding to 20 global projects focusing on “technical education for people living under authoritarian regimes, independent media outlets, decentralizing mining, and providing human rights groups with more private financial solutions.”
The organization said that 20 grantees will share the grant of $706,000 worth of BTC. However, the foundation did not provide any details on how much each of the projects will get from the crypto grant.
Two Of The Grantees
Among the grantees is Stratum V2 Reference Implementation (SRI) which according to HRF is “an open-source software that decentralizes Bitcoin mining by enabling nodes to construct their own block templates.”
The foundation explained that SRI advocates solo mining and less reliance on large mining pools. It also strengthens the crypto’s permissionless and censorship-resistant qualities.
“Funding will support developer Bit-aloo’s full-time work on SRI, including benchmarking tools to evaluate the performance of Stratum V2, integration tests, codebase maintenance, and software documentation,” HRF stated in a press release.
Another grant recipient is Africa’s first female Bitcoin Core developer, Naiyoma. HRF said that Naiyoma comes from Kenya, wherein she is doing works to foster an “open financial system rooted in transparency, freedom, and fairness.”
The foundation added that the crypto grant would be a great support as she continues to push for advancing Bitcoin Core.
HRF is an American non-profit organization that supports Bitcoin for its potential to fight oppressive governments and as a tool to give people financial freedom.
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