Dorsey's $10M Bet on Decentralized Social Media

Jack Dorsey, Twitter co-founder and Block CEO, has invested $10 million in "andOtherStuff," a collective aiming to revolutionize social media through open-source projects. The team, including Dorsey and former Twitter employees, focuses on decentralized protocols like Nostr, developing apps such as Shakespeare (a Nostr app building platform) and heynow (a voice note app). Dorsey criticizes traditional social media's reliance on advertisers, advocating for a more open, decentralized model. He and former Twitter employee Evan Henshaw-Plath launched the podcast "revolution.social" to discuss the future of social media, highlighting the potential of Nostr and the pitfalls of centralized platforms.