Jack Dorsey Donates $10 Million to Open-Source Nonprofit OpenSats
Twitter Co-Founder's Latest Philanthropic Gesture Supports Free and Open Technology Development
Fri, 05 May 2023, 12:19 pm UTC
Twitter co-founder Jack Dorsey has shown his commitment to promoting open-source technology by donating $10 million to OpenSats, a nonprofit organization dedicated to creating free and open-source projects centered around Bitcoin, Nostr, and associated technologies. The organization will use the funds to establish a long-lasting ecosystem and support open-source initiatives.
OpenSats believes in the importance of free software and open protocols in preserving liberty and prosperity in contemporary society and safeguarding individual users' rights and freedoms from digital totalitarianism. Fifty percent of Dorsey's donation will be directed to the Nostr ecosystem, while the remaining funds will support the enhancement of OpenSats' activities and operations.
Dorsey's recent philanthropic gesture follows his previous contributions toward open-source social protocol and Nostr. These donations offer a direct channel to dispel any notions of partiality in his endeavors as he recently left Twitter in May 2022.
All donations that OpenSats receives will be directed to projects its board of directors endorses, serving as a 100% pass-through entity. OpenSats has formed a committee comprising Nostr developers and supporters to assess project proposals and protocol contributions. The organization's board will be joined by Coinkite CEO NVK and Gigi, who will contribute to organizational and funding decisions. Gigi will assume a full-time position focusing on operations and strategy.
OpenSats' commitment to being a pass-through entity ensures the highest level of transparency, enabling collaboration with contributors, the industry, and the wider free and open-source community toward developing tools and infrastructure that preserve our fundamental right to freedom. Dorsey's contribution will help build a sustainable ecosystem for OpenSats, which values free software and open protocols in preserving modern society's freedom and prosperity while combating digital totalitarianism.
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