Twitter co-founder: The future lies in establishing a free and open protocol for social media, and for this, new funding categories will be opened

ChainCatcher news, Twitter co-founder Jack Dorsey recently stated, "Twitter has its own flaws as a social media and public dialogue tool. We should focus on the people using social media services and move more quickly towards absolute transparency."

In addition, he mentioned that to accelerate the work on an open internet and protocols, he will establish a new funding category: "Open Internet Development." The focus will be on providing funding to engineering teams working on social media and private communication protocols, Bitcoin, and pure web mobile operating systems. Grants will start being offered next week, beginning with $1 million per year to Signal. (Source link)