OpenSats, a non-profit that supports free and open-source projects related to Bitcoin, Nostr and other technologies, has received a donation of $10 million from #startsmall
Bitcoin and Open Source Software Development Non-Profit OpenSats Receives $10 Million from Jack Dorsey’s #startsmall
OpenSats, a non-profit that supports free and open-source projects related to Bitcoin, Nostr and other technologies, has received a donation of $10 million from #startsmall, a philanthropic initiative by Jack Dorsey, the co-founder of Twitter and Square. The donation will help OpenSats create a sustainable and consistent funding ecosystem for open-source development.
According to a statement by OpenSats, half of the donation will go towards the Nostr ecosystem, a new and growing network of open protocols for social networking. OpenSats believes that free software and open protocols are essential for a free and prosperous society, and that without them, modern society risks falling into digital totalitarianism.
OpenSats operates as a 100% pass-through organization, meaning that all donated funds are fully allocated to projects vetted by its board of directors, unless they are specifically designated for operational purposes. The board includes several core developers and contributors to Bitcoin and Nostr. OpenSats also has a committee of Nostr developers and enthusiasts who help evaluate projects and protocol contributions.
