Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Jack Dorsey donates $10 million to make Bitcoin The Native Currency Of The Internet

Jack Dorsey donates $10 million to make Bitcoin The Native Currency Of The Internet

Jack Dorsey, the co-founder of Twitter, has made a significant move to demonstrate his commitment to bitcoin and the future of social networks. He has donated a whopping $10 million to OpenSats, a non-profit organization that has pledged to utilize the entire amount for these causes, without retaining any portion for itself.

Dorsey’s whopping donation

Earlier today, Dorsey made an announcement on Nostr regarding a donation of $5 million. A portion of this donation will be allocated towards the development of a social protocol known as Nostr. The network, developed by a mysterious creator who goes by the name @‌Fiatjaf, has recently gained significant traction. Boasting a staggering 16 million users, with 500,000 logging in daily, the protocol has become a force to be reckoned with. This surge in popularity can be attributed to the network’s innovative feature that allows software developers to seamlessly integrate bitcoin payments into their applications.

In May 2022, Twitter’s former CEO, Jack Dorsey, left the company after having invested a whopping $13 million into an open-source social protocol. This protocol, which is currently being developed by a team known as Bluesky, aims to allow users to transfer their profiles between competing social media platforms. Dorsey had originally conceptualized the idea prior to his departure from Twitter.

Content Source:

About MahKa

MahKa loves exploring the decentralized world. She writes about NFTs, the metaverse, Web3 and similar topics.

Latest NFT News, Trendings and Tutorials, right in your inbox, every Monday

IMPORTANT DISCLAIMER: All content provided here in our website, hyperlinked sites, social media accounts and other platforms are for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them.

Recommended Posts

Leave a Reply

Your email address will not be published. Required fields are marked *