Jack Dorsey, the co-founder of Twitter, has donated $21 million to OpenSats, a non-profit organization dedicated to advancing Bitcoin and Nostr technologies. This sum stems from Dorsey’s #startsmall initiative, aiming to foster growth within these platforms and solidify Bitcoin’s role as the internet’s native currency.Â
From the total donation, $15 million will go to the General Fund to back broad initiatives within the Bitcoin community, $5 million is earmarked for The Nostr Fund to advance this social media protocol, and the remaining $1 million will cover operational expenses. OpenSats highlights that these funds will aid ongoing and emerging projects critical to the ecosystem.
OpenSats has a history of nurturing various proposals that align with its mission to expand the Bitcoin ecosystem. Previously, the organization has sponsored 21 teams, such as the Bitcoin Policy Institute and BTCPay Server, a self-hosted payment solution.
Moreover, the organization has distributed nearly $10 million in grants, benefiting over 100 grantees. This funding has facilitated various projects and supported the legal defenses of Bitcoin developers facing challenges related to their work.
Jack Dorsey’s latest financial support is poised to significantly boost the development of Bitcoin as both a currency and a technological standard for the internet.
Read Also: Bitcoin Outperforms Amazon and Google with 12,464% Growth
