Jack Dorsey pumps $10 million into a nonprofit focused on open-source social media

Jack Dorsey invested $10 million in 'and Other Stuff,' a nonprofit collective focused on building open-source social media tools and protocols. The group, which includes former Twitter employees and other tech veterans, is experimenting with Nostr protocol and other decentralized technologies to create alternatives to traditional corporate-owned social platforms. Dorsey believes current social media companies face fundamental structural problems due to advertiser dependence and corporate incentives, advocating instead for open protocols similar to Bitcoin that aren't owned by any single entity.