Former Twitter CEO Jack Dorsey has generously donated $21 million to OpenSats, a platform dedicated to funding Bitcoin (BTC) development. The nonprofit organization shared this exciting news in a recent blog post, highlighting the impact this donation will have on supporting open-source projects and innovators worldwide.

Jack Dorsey, who previously led Twitter, confirmed this contribution in response to a post by technology specialist Edward Snowden. The donation will not only support open-source projects but also provide a legal defense fund for Bitcoin developers. This reflects Dorsey’s ongoing support for the Bitcoin community and his belief in its ability to transform finance and technology.

OpenSats has allocated $15 million to its General Fund, $5 million to the Nostr Fund, and $1 million to operational budgets. The General Fund supports free and open-source Bitcoin projects, while the Nostr Fund focuses on the development of a decentralized social network with a rapidly growing user base.

OpenSats has a history of backing various initiatives to expand the Bitcoin ecosystem. The organization has supported projects like BTCPay Server and the Bitcoin Policy Institute in the past. Developers interested in funding opportunities can apply on the OpenSats website.

If you are an open-source developer looking for financial support, don’t miss this chance to apply for funding from OpenSats. Visit opensats.org/apply to learn more about this opportunity.

Bitcoin has shown remarkable performance compared to tech giants like Amazon and Netflix over the past decade. Stay tuned for more news and updates on globalcrypto.news to stay informed about the latest developments in the cryptocurrency world.

Post Views: 8