JAKARTA - Jack Dorsey, co-founder of Twitter, has made major steps to demonstrate his commitment to bitcoin and the future of social networks. He has donated $10 million to OpenSats, a non-profit organization that promises to use the entire amount for that purpose, without defending any part for itself.
In an announcement to Nostr, Dorsey also donated $5 million for Nostr. Part of the donation will be allocated for the development of a social protocol known as Nostr. This network, developed by a mysterious creator known as @Fiatjaf, has recently gained significant popularity.
With 16 million users and 500,000 users logging in every day, this protocol has become a power to take into account. This increase in popularity can be attributed to an innovative network feature that allows software developers to seamlessly integrate bitcoin payments into their apps.
In May 2022, former Twitter CEO Jack Dorsey left the company after investing $13 million in open-source social protocols. This protocol, currently developed by a team known as Bluesky, aims to allow users to transfer their profiles between competing social media platforms. Dorsey originally introduced this idea before he left Twitter.
Dorsey's move to support bitcoin and other blockchain technology is proof of his confidence in his potential. Previously, he had formed Square, an online payment company, which is also involved in bitcoin trading. Dorsey has even stated that bitcoin is an internet currency and that he will continue to support him for years to come.
With Dorsey's decision to donate a large amount of money to OpenSats and Nostr, he has demonstrated his commitment to continuing to advance blockchain technology and developing new ways to use bitcoin and cryptocurrencies. It also shows that Dorsey has committed to advancing the latest technology in the field of social networks, in the hope of developing a more fair and open platform for everyone.
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