Binance Funds 40 Developers to Build Open-Source Crypto Software

Malta-based crypto exchange Binance wants to spur greater research in open-source blockchain development.

To that end, the exchange unveiled Binance X on Thursday, announcing that it was funding more than 40 developers conducting research into open-source crypto software. Binance X also hopes to facilitate collaboration in the Binance ecosystem by providing resources to projects in various stages of development and tap blockchain “evangelists” to foster education around the space.

For promising developers, Binance X offers a fellowship program focused on research and development of open-source blockchain software. More than 40 project leads have already signed on as Binance X fellows, though the exchange has not revealed how much funding these individuals will receive. Applications are accepted on a rolling basis.


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