Three Nigerians have been selected by founder of Twitter Jack Dorsey to head the board of his Bitcoin Trust (BTrust) set up in February this year.
The Nigerians named in a statement released by the Twitter founder were Obi Nwosu who is the Co-founder of Coinfloor, cryptocurrency startup; Ojoma Ochai who is the Managing Partner at CcHUBCreative (Co-Creation Hub), a technology innovation workspace and Abubakar Nur Khalil Bitcoin Core Contributor.
A South African, Carla Kirk-Cohen who is also a software engineer at Lightning Labs was the fourth member of the board.
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In February 2021, Dorsey announced that he is launching a new endowment- ‘₿trust’ in partnership with Hip Hop rapper, Jay – Z.
BTrust is aimed at funding Bitcoin development, with initial focus in Africa and India.
“JAY-Z/@S_C_ and I are giving 500 BTC to a new endowment named ₿trust to fund #Bitcoin development, initially focused on teams in Africa & India. It‘ll be set up as a blind irrevocable trust, taking zero direction from us. We need 3 board members to start,” Dorsey tweeted in February.
But the board has been reviewed to accommodate four members.
The new board members were selected from 7,000 applicants who applied to be on the board.
He said, “Announcing the ₿trust board: @actuallyCarlaKC, @ihate1999, @obi, & @ojomaochai,! I’m so grateful for you all and so inspired.
“They’ll now work towards defining the operating principles as they think about how to best distribute the 500 bitcoin towards development efforts.
“A massive thank you to the working team that made this happen. 7,000 applications to these incredible 4, all reviewed with purpose and rigor.”