Supporting Monero since 2021, the MAGIC Monero Fund (MMF) continues to accept applications for research and development grants focused on improving the Monero protocol and ecosystem.
The fund can issue grants and host fundraisers for Monero research, development, security audits, and more. This allows for the Monero community to build a sustainable, alternative pool of funds to provide for significantly more consistent and less stressful research and development.
The application process is described here: https://monerofund.org/apply. Applications are accepted on a rolling basis. Contractors or recipients of MMF funding are required to undergo a basic KYC process that is similar to an employment on-boarding.
The fund has an advisory committee entirely elected by the Monero community and this committee selects which grants to fund. The current Magic Monero Fund Committee Members are kayabaNerve (Luke Parker), Rucknium (me), monerobull, kowalabearhugs, and artlimber. You can view current voters on the MAGIC website.
The MAGIC Monero Fund supplements but does not replace the Monero Community Crowdfunding System (CCS). By working in complement with other funding structures the fund aims to recruit and retain talent within the Monero ecosystem. You can view a list of previously funded proposals on the MoneroFund.org website.
MAGIC Grants’ Advantages
The 501( c )(3) public foundation status ensures donations to support our funding are fully tax deductible as allowable by US law, regardless of asset (eg: USD, BTC, XMR, NFTs, stock). An established non-profit since 2018, MAGIC utilizes US bank and exchange relationships while also maintaining the ability to work internationally.
While the Monero community appreciates XMR, as do we, it remains a volatile asset. This can be a barrier for people who want to contribute, one which has caused multiple proposals funded through the CCS to unfortunately fall through. The fund has the ability to convert donations to a less-volatile asset, such as fiat currency, for making payments in whichever means is preferred by the contractor. By handling all the boring legal stuff and tax documents, we can allow the community to focus on growing Monero.
If you are interested in helping support our cause, please review our active fundraisers as they appear, or consider donating to our general fund at https://monerofund.org/. Donors to the fund have the option of contributing anonymously.