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Jack Dorsey pumps $10 million into a nonprofit focused on open-source social media
SAN FRANCISCO COUNTY, CALIFORNIA, JUL 17 – Jack Dorsey funded a $10 million nonprofit to support open-source social media projects using decentralized protocols like Nostr and ActivityPub to challenge corporate social networks.
- This year, Jack Dorsey invested $10 million through his StartSmall foundation, supporting open-source social media projects aimed at decentralization.
- In recent years, Dorsey criticized intellectual property laws and pushed for radical openness, motivating his $10 million investment in open collaboration initiatives.
- Simultaneously, the collective supports Nostr, ActivityPub, and free software tools, while drafting a social media `Bill of Rights` covering privacy, security, and user governance.
- While enthusiasm among early adopters runs high, venture capital critics question whether nonprofits are ideal for innovation, implying uncertain mainstream adoption.
- Looking ahead, success in popularizing Nostr integrations might pressure platforms like X to adopt open standards, past TechCrunch articles suggest, influencing industry norms.
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11 Articles
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Why Jack Dorsey Thinks the Future of Social Media Is Nonprofit and Open
Twitter co-founder’s “andOtherStuff” collective backs experiments with Nostr, ActivityPub, and AI to create protocols, apps, and a social… The post Why Jack Dorsey Thinks the Future of Social Media Is Nonprofit and Open appeared first on IMP.NEWS.
Jack Dorsey Commits $10 Million to Collective Advancing Open Source Innovation
Jack Dorsey has committed $10 million to support a collective focused on open source development. The investment aims to boost initiatives and projects that rely on open collaboration, highlighting Dorsey’s ongoing engagement with the tech community.
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