Jack Dorsey Donates $1 Million to Crypto Think Tank Coin Center – Decrypt

In brief

  • Jack Dorsey, the CEO of Twitter and Square, has donated $1 million to the crypto-focused think tank Coin Center.
  • It’s a personal donation.
  • Both Twitter and Square have been working on their own blockchain initiatives.

Jack Dorsey, the CEO of Twitter and Square, has donated $1 million to the crypto-focused think tank Coin Center.

Jerry Brito, the organization’s executive director, tweeted out the news earlier today:

Coin Center has also confirmed that the donation was personal, as opposed to coming through Square or Twitter.

Last month, the think tank launched a promo campaign with Greyscale, a digital asset manager, which promised to match donations up to $1 million. Brito wrote that Dorsey put the campaign “over the top and then some.”

Dorsey has been advocating for blockchain tech for years: Square’s dedicated cryptocurrency arm has invested a significant chunk of its own treasury in crypto, and gives out grants to Bitcoin developers in the space. It’s also put $10 million toward its “Bitcoin Clean Energy Investment Initiative,” which looks to reduce the asset’s notoriously large carbon footprint.

Dorsey also set up Blue Sky, a non-profit tasked with building a decentralized protocol for Twitter.

Said Dorsey to Coin Center: “Thank you for your incredible work! 🧡”

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