Jack Dorsey is building ‘Web5’ powered by Bitcoin

TBD, a subsidiary of Block, has revealed plans to create a decentralized internet centered on (BTC), underscoring founder Jack Dorsey’s belief that the largest blockchain network will play a major role in the internet’s evolution.

The new project, called “Web5,” represents the latest Bitcoin-centric endeavor to be pursued by Dorsey since Twitter’s CEO (NYSE):In November 2021.

Block believes in “evolving web” and prioritizing identity management. Source: Block