Jack Dorsey backs nonprofit 'and Other Stuff' with $10M to build open social technology.

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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.

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

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Remember when social media were BBSs ran by your average person. Yea that was prime social media.

We do not need more types of social media. Also, all non-profits are run by millionaires.

Yeah, having NOSTR under my belt since years. Great platform, though the content and type of distribution has so far been very monotone. It needs to spread into a broader way, needs to be used by more different people, instead of everyone talking about basically the same stuff over and over.