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Jack Dorsey contributed around 14 Bitcoin (BTC) (approximately $245,000) to the creation of Nostr (short for Notes and Other Stuff Transmitted by Relays).
Following the announcement that Jack Dorsey will give $1 million per year to the encrypted messaging app Signal, Koty Auditore turned to Twitter to ask Dorsey to finance Nostr, following a blog post in which Dorsey discussed the necessity for a native internet protocol for social media.
Two hours later, Dorsey responded to the tweet, stating he was “figuring out how to accomplish it.” He then sent cash to developer fiatjaf around 24 hours later.
Nostr is an open protocol that aspires to build a worldwide social network that is immune to censorship. Instead of relying on a trustworthy central server, all users run a client.
Dorsey left Twitter as CEO in November of 2021 to fully focus on Bitcoin and it use cases. He remained on as head of Block nevertheless, formerly known as Square. Dorsey is among many in the world that believe the US dollar is going to be replaced by Bitcoin in due time. Responding to rapper CardiB in December 2021, he had said: