Twitter co-founder and Block CEO Jack Dorsey has named the board members of Jay-Z’s joint venture funding fund for Bitcoin developers.
In February 2021, Dorsey and rapper Sean Corey Carter, aka Jay-Z, announced they would donate 500 BTC to create ₿trust. It was assumed the fund will be primarily aimed at specialists from Africa and India.
Dorsey then proposed electing three board members for the blind trust initiative.
On December 15, he named four: Karla Kirk-Cohen, Abubakar Nur Khalil, Obi Nvos and Ojomu Ochay. They are all from Africa and three are from Nigeria.
The team selected four out of 7,000 candidates, Dorsey said. He wrote:
“They will now work on defining governance principles as they think about how best to allocate 500 BTC to development efforts.”
Square, founded and led by Jack Dorsey, rebranded in December to Block to emphasize its commitment to blockchain projects.
The firm had previously announced the development of a hardware BTC wallet and the creation of a crypto-focused platform.