Jack Dorsey Donates $21 Million to OpenSats for Bitcoin Development
Jack Dorsey, Twitter's co-founder, recently donated $21 million to OpenSats, showcasing his strong belief in Bitcoin's future as the internet's native currency.
The donation, part of Dorsey’s #startsmall initiative, will support various operational and development efforts within OpenSats.
This financial support aims to foster initiatives vital to the Bitcoin ecosystem and broader technology freedom movement. Notably, The Nostr, a platform integrating Bitcoin payments for software developers, has seen significant growth, reaching 16 million users with 500,000 daily active users.
Concurrent with the donation, OpenSats has appointed new committee and board members, including prominent figures from the Bitcoin community like @Fiatjaf and NVK.
Past contributions by OpenSats have supported various Bitcoin-related projects, demonstrating its commitment to nurturing the ecosystem. The organization has already disbursed close to $10 million in grants, benefiting numerous grantees, including software developers, designers, researchers, and educators.
READ MORE: MicroStrategy’s Michael Saylor Labels Ethereum and Altcoins as Securities
Dorsey’s donation also includes funding for legal defense funds, furthering his support for Bitcoin developers facing legal challenges. This significant contribution is poised to accelerate Bitcoin’s development and solidify its position as a transformative force in both currency and technology.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
