Arthur Hayes, the former CEO of BitMEX and current Chief Investment Officer of Maelstrom, announced that Maelstrom is launching a Bitcoin sponsorship program. The program aims to support the technical development of Bitcoin and enhance its resilience, scalability, censorship resistance, and privacy features. Applications must be submitted by August 25, 2024.
The grant disbursement period for approved projects is 12 months, with payments made monthly in BTC, USDC, or USDT. The funding amount for each developer ranges from $50,000 to $150,000.