Summer 2020 Is Funding Season for Open-Source Bitcoin Development

The maker of Wasabi Wallet becomes the latest firm to support crypto coders with a 1 BTC donation to the Human Rights Foundation's Bitcoin Development Fund.

AccessTimeIconJun 25, 2020 at 6:54 p.m. UTC
Updated Sep 14, 2021 at 8:56 a.m. UTC

Nearly half a dozen companies have announced new grants for open-source bitcoin contributors and projects since the coronavirus crisis began, from exchanges such as Kraken and OKCoin to the Human Rights Foundation. Grants are generally around $150,000 each.

Now Wasabi Wallet-maker zkSNACKs Ltd announced on Thursday it is joining the cohort by donating 1 bitcoin to the HRF’s Bitcoin Development Fund

The privacy startup released a statement, saying, “We understand the concern for privacy in Bitcoin’s blockchain and how it can be used to surveil and oppress.” As such, the startup is keen to see this bitcoin used to fund privacy tech development.

“Hopefully, HRF’s fund can inspire other organizations in the non-profit and academic space to support Bitcoin research and software development,” HRF executive Alex Gladstein said in a press statement. 

Meanwhile, Jack Dorsey’s Square Crypto published an open call for designer grants – an anomaly among developer-focused grant programs. 

"Square Crypto hopes to jumpstart the bitcoin design community with at least half a dozen designer grants," Square Crypto lead Steve Lee said in an email to CoinDesk. "Projects can span from user experience research to systems design to graphic design."

Square Crypto’s blog post also said multiple grants will go to those who “contribute to a bitcoin design guide, an open-source project intended to simplify designing for bitcoin applications.”

The skunkworks unit within the publicly traded payments firm followed up with a teaser tweet on Thursday, saying: “We’ll announce more grants in the next month than we have in the last year.”

Square Crypto granted $100,000 to BTCPay Server last fall.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.