OpenSats' 2023: Year in Review
"In the spirit of openness, let's take some time to pause and reflect upon the announcements we made [last] year, what we did to pursue our mission, and what kinds of projects we were able to support thanks to the generous donations made by all of you."
- "We received over 900 donations this year, 87% of which were made in sats directly. That's an increase of 280% compared to the number of donations received in the previous year."
- "Our General Fund is almost fully allocated as of this writing, with ~$4.8M donations received in 2023 and ~$4.3M allocated. The Nostr Fund is on track to be fully allocated by the end of Q1 2024, with ~$3.4M out of $5M going towards a variety of free and open-source projects in the nostr ecosystem as of this writing."
- "Of the funds committed towards bitcoin projects from the General Fund, 40% have been allocated to our LTS program for long-term grants."
- "The remaining 60% of our General Fund has been allocated to bitcoin-related projects in support of our mission. As mentioned above, we announced three waves of bitcoin grants so far: one in July, one in August, and one in December, respectively."
- "We gave out four waves of nostr grants, as announced in July, August, October, and December."
- "We expect to have over 100 grantees by Q2 of 2024, given past growth and pending grant applications. We hope to support many of our grantees for the long-term, as long as funding permits and progress remains aligned with our mission."
- "We rely on donations to fund our operations and the projects we support. Unlike most charities, we don't take a cut from donations to fund ourselves. Consequently, we have to fund our operations separately. If you like what we’re doing please consider donating to our Operations Budget."
