Jay-Z and Twitter CEO Set Up a 500 Bitcoins Endowment Fund (₿trust) Focused on Africa and India

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Twitter CEO, Jack Dorsey, and rapper, Jay-Z, are giving 500 bitcoins to a new endowment fund, dubbed ₿trust, to fund Bitcoin development, initially focused on teams in Africa and India.

The fund is currently in search of 3 board members that will run the trust independently.

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SEE ALSOAfrica Will Define the Future, Especially the Bitcoin One, Says CEO, Twitter

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According to Jack, the fund will be set up as a blind irrevocable trust, taking zero direction from him and Jay-Z.

The initiative seem to have gotten attention from key and influential people including:

  • CEO, Binance
  • Founder, Reddit
  • CEO, Lightning Labs
  • CEO, TRON
  • Founder, Bitcoin Foundation

Jack is a well-known advocate of bitcoin and decentralization, especially in Africa, having recently announced his move to fund a standard for decentralized social media.

The Twitter CEO also recently tweeted a photo of his bitcoin node.

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RECOMMENDED READINGAfrica Will Define the Future, Especially the Bitcoin One, Says CEO, Twitter

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