Former Twitter CEO Jack Dorsey has made a staggering $21 million donation to OpenSats, a platform dedicated to funding the development of Bitcoin (BTC).
The nonprofit announced Dorsey's donation in a May 4 blog post mailShe indicated that the funds will be used to enhance the resources available for open source projects, providing crucial funding for innovators around the world.
Dorsey, who led Twitter (now known as
Along with supporting open source projects, Dorsey's contribution includes funds earmarked for the legal defense of Bitcoin developers, reflecting the Square CEO's ongoing support of the Bitcoin community and his belief in its potential to revolutionize finance and technology.
OpenSats also said it is investing $15 million in its general fund, $5 million in its Nostr fund, and $1 million in operating budgets.
The General Fund is a pool of funds consisting of donations from individuals and organizations that is used to support free and open source Bitcoin-related projects and contributors.
The Nostr Fund supports the development of Nostr, a decentralized social network that uses relays to send and receive messages. The platform has grown in popularity and now has 16 million users, with half a million logging in every day.
OpenSats has a history of supporting various ideas to help expand the world of Bitcoin and other open source projects. They have supported 21 teams before, such as BTCPay Server, which allows users to process payments on their own server, and the Bitcoin Policy Institute.
“If you are an open source developer in need of funding, do not hesitate to apply,” OpenSats urged in the blog post. The organization invites developers from around the world to take advantage of this opportunity by visiting openats.org/apply.
