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: forbes.com