Jack Dorsey's Block Scraps 'Web5' Project

by
msmash
from Slashdot on (#6S2W5)
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.

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