Bitcoin Financial Services Company Unchained has announced the launch of the Bitcoin Legacy Project, a multi-year initiative of several million dollars to support the long-term development, education and advocate for the Bitcoin ecosystem.
The project begins with an initial obligation of $ 1 million, with additional financing planned in the coming years. The initiative will financially support Bitcoin developers, educators, core infrastructure projects and lawyer organizations. The most important components of the program include funding for the Bitcoin Community Hubs, a think tank, a university movement and direct support for Bitcoin core development.
As part of the initiative, Unchained introduces what it describes as the first Bitcoin-native Donor-Council Fund (DAF) platform. The platform is designed to allow individuals and institutions to donate Bitcoin or other assets that are tax effective with the ability to direct grants to US-based non-profit organizations. Contributions can be held in Bitcoin in the fund and the recipients can also choose to receive subsidies in Bitcoin.
To incentive participation, Unchained will match donations made through the DAF platform to selected partner organizations – including MIT Media Lab’s digital currencyItitiative, the Human Rights Foundation, Open SATS and Brink – up to 1 BTC.
In addition to the philanthropic give, the Bitcoin Legacy project will support physical space for Bitcoin collaboration and innovation. In the first year, the project will direct funding to three Bitcoin Hubs: Bitcoin Park Nashville, Bitcoin Commons in Austin and The Space in Denver. These nodes aim to promote development, education and community engagement in the Bitcoin sector.
Unchained also assigns resources for wider research and policy efforts. This includes a $ 50,000 contribution to the Bitcoin Policy Institute and $ 150,000 to launch the first Bitcoin-focused university movement at the University of Austin. A new Bitcoin Scholars program will distribute up to $ 250,000 in research grants to support original work and thought management in the Bitcoin space.
“Bitcoin’s strength comes from the people who build, educate and advocate for their future. Still, many of the most critical initiatives with long -term funding are fighting,” said Joe Kelly, CEO of Unchained. “We believe not only to use Bitcoin, but strengthen it for future generations. The Bitcoin Legacy project is our obligation to ensure that Bitcoin remains strong, sovereign and unkind.”
The Bitcoin Legacy project reflects Unchained’s wider strategy to support Bitcoin’s growth, while strengthening its commitment to financial services centered on collaborative custody and long-term asset security.