• Jack Dorsey donated 14 BTC (roughly $245,000) to fund development of Nostr, an open protocol that aspires to create a censorship-resistant global social network.
• Nostr’s Twitter-like Damus application was recently listed on the Apple App Store.
• Media commentators have described Nostr as a possible alternative to Elon Musk’s Twitter.
Jack Dorsey, the former CEO of Twitter and current CEO of Square, recently donated 14 BTC, roughly $245,000, to the open protocol project Nostr. This donation marks Dorsey’s continued commitment to open protocols, as he had previously pledged to donate $1 million annually to encrypted messaging app Signal.
Nostr is a decentralized social network that aspires to create a censorship-resistant global social network. It has been dubbed a potential alternative to Elon Musk’s Twitter by many media commentators. The project recently achieved a milestone with the listing of its Twitter-like Damus application on the Apple App Store.
Damus, an open source project created by the Nostr team, is a decentralized, censorship-resistant social media platform. It is powered by the Ethereum blockchain and allows users to send messages, interact with friends, and post content. Users are able to earn rewards for their posts. Damus is unique in that it does not rely on any centralized entity for its operation.
The listing of Damus on the Apple App Store is a significant step forward for Nostr. It indicates that the project is gaining traction and has potential to become a viable alternative to popular social media networks. This could provide users with a more secure and censorship-resistant platform.
The Hash, a panel of crypto and Web3 experts, recently discussed the implications of Nostr and its listing on the Apple App Store. They highlighted the potential for decentralized social media to challenge the hegemony of existing social media networks and provide users with more privacy.
It remains to be seen how popular Nostr will become, but the project is certainly off to a promising start. With Dorsey’s support, the open protocol could become a viable alternative to the current giants of the social media world.