Binance Labs funds 3 open-source blockchain projects for $15k each

14 Apr, 2019
by David Robb
Binance Labs funds 3 open-source blockchain projects for $15k each

Binance's venture arm has given grants to three open-source blockchain projects, as part of its new Fellowship program. Binance Labs is funding the projects for $15,000 each.

The three projects that will be the first Fellows of Binance's new initiative are: Ironbelly, a mobile wallet for the Grin blockchain; HOPR, a privacy-preserving messaging protocol; and, Kitsune Wallet, an upgradeable on-chain wallet.

As well as funding the teams' work, the developers and researchers will also receive guidance and resources from the Binance Labs network.

Read more: Binance Labs set to launch incubator programs in 5 new Cities

According to Teck Chia, Partner at Binance Labs, "The Binance Labs Fellowship supports developers and researchers in creating free and open-source projects, enabling new innovations and businesses in the cryptocurrency economy. Through the Fellowship, we want to support early-stage projects by passionate developers who want to create the key building blocks for the entire blockchain industry. On behalf of the Binance community, we would like to thank these projects for their contribution to the blockchain ecosystem".

Read more: 5 countries that are going big on cryptocurrency adoption

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