Binance Labs, the venture arm of cryptocurrency exchange Binance, today announced a grant of USD $15,000 to each of its first three open-source Fellowship projects.

  1. Ironbelly, a mobile wallet for the Grin blockchain
  2. HOPR, a privacy-preserving messaging protocol
  3. Kitsune Wallet, an upgradeable on-chain wallet

Ironbelly, HOPR and Kitsune Wallet will join the Binance Labs Fellowship as the first ‘Fellows’.

“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.”

Teck Chia, Partner at Binance Lab

Binance Labs Fellowship is an initiative to fund and support open-source development projects that contribute and have infrastructure value to the global blockchain ecosystem. Developers and researchers will receive guidance and resources from the Binance Labs network.

“We have seen firsthand how innovation depends on an engaged community of developers and entrepreneurs who imagine ideas and create new projects to bring products to market. The more talent an industry attracts to the space, the higher chance that it will be successful and Binance Labs hopes to further enable the overwhelming talent and builders of our industry. Thus, our part is to support early-stage projects that are helping to create the building blocks and infrastructure for larger utility and enabling growth in the blockchain market.”

Flora Sun, Director at Binance Labs.

Additionally, Ironbelly, HOPR, and Kitsune Wallet are accepting matching contributions through Gitcoin Grants on grants received before April 19th, 2019.

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