Gemini Opportunity Fund Donates to MIT’s Digital Currency Initiative

The is pleased to announce a $1 million dollar gift to the Digital Currency Initiative (DCI) at the Massachusetts Institute of Technology's (MIT) Media Lab. This gift will be made in $250,000 installments over four years.

The DCI will use the funds to support open-source development and advance the security of the Bitcoin protocol. This will include funding a growing team of senior, specialized open-source developers focused on systemic threat mitigation and rigorous improvements to Bitcoin's underlying infrastructure, including code audits, increasing automation, and novel research into Bitcoin's long-term economic security.

In addition to this gift, the Gemini Opportunity Fund recently provided $50,000 in BTC funding to the Human Rights Foundation’s Bitcoin Development Fund, which aims to support Bitcoin developers working to enhance privacy on the Bitcoin Network and ensure that bitcoin is a tool for financial freedom, as well as $150,000 in BTC funding to John Newbery’s recently launched Brink, a London-based, non-profit fellowship program that will sponsor and mentor exemplary Bitcoin developers.

We remain deeply committed to supporting the Bitcoin Network and its developer community, and are thrilled to be furthering MIT’s work towards strengthening and ensuring the security of the Bitcoin network now and in the future.

If you think you’re a great candidate for the Gemini Opportunity Fund, or know someone who is, please reach out to us at .

Onward and Upward,

Team Gemini