OpenSatsa non-profit organization that supports the development of free and open source software and projects focused on bitcoin. Announced today that he has received a donation of $1,000,000 from the Reynolds Foundation.
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OPENSATS RECEIVES $1,000,000 DONATION FROM THE REYNOLDS FOUNDATION
The Reynolds Foundation supports OpenSats with a generous donation of $1 million and notes that "I warmly invite other philanthropists to join them in supporting this innovative effort."https://t.co/NdcBcvc5rQ
– OpenSats (@OpenSats) twitter.com/OpenSats/status/1782521831041151479?ref_src=twsrc%5Etfw”>April 22, 2024
“As new supporters of OpenSats, we deeply appreciate the opportunity to engage with a community that exemplifies transparency, professionalism and inclusivity, while championing the acceleration of freedom,” he said Dr. Álvaro Salas-Castro, President and Executive Director of the Reynolds Foundation. “We firmly believe that the process is as crucial, if not more so, than the result. OpenSats is a testament to the power of both. Our organization embraces a shared mantra of joyful optimism combined with a pragmatic approach: togetherness. The spirit, cultivated by “The Reynolds Foundation under the visionary leadership of our founder, Tim Reynolds, embodies our commitment to freedom and scalability.”
The Reynolds Foundation's donation will be dedicated entirely to supporting open source projects and contributors working on freedom technology. From OpenSats operating budget is funded separately, allows them to dedicate 100% of donations to funding open source initiatives, according to the announcement.
OpenSats encouraged other philanthropists to join its mission and contribute to fund the development of open source bitcoin. Individuals and organizations aligned with OpenSats' mission are also invited to apply for grants. hereAccording to the announcement.
These funding opportunities allow passionate contributors working on bitcoin and Freedom tech to access the resources they need to support their projects.
“We warmly invite other philanthropists to join us in supporting this innovative effort, OpenSats,” Salas-Castro continued. “Their work ensures that our collective efforts have a meaningful impact on the community we are dedicated to serving. Together, we can fix the money to fix the world.”
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