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Jack Dorsey's Block Scraps 'Web5' Project

Friday November 8, 2024. 03:11 PM , from Slashdot
Jack Dorsey's Block Scraps 'Web5' Project
Block will abandon development of its Web5 decentralized internet project and reduce investment in music streaming service Tidal to focus on bitcoin mining hardware and self-custody wallets, the payments company announced in its third-quarter letter to shareholders. The Jack Dorsey-led firm cited strong market demand for its bitcoin mining products and Bitkey wallet as key drivers behind the strategic shift.

Read more of this story at Slashdot.
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https://tech.slashdot.org/story/24/11/08/1411243/jack-dorseys-block-scraps-web5-project?utm_source=r...

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