Jack Dorsey Champions Open Protocols To Redefine Social Media Landscape

Jack Dorsey, the visionary co-founder of Twitter and Block CEO, is once again challenging the status quo by investing $10 million in experimental open-source projects designed to transform the social media landscape.

Innovating Beyond Conventional Platforms

In a bold shift from traditional corporate social media models, Dorsey is spearheading a series of initiatives under an online collective called And Other Stuff, which was founded in May. The group, which includes influential figures such as Twitter’s first employee Evan Henshaw-Plath, Cashu creator Calle, former Truth Social engineer Alex Gleason, and Intercom veteran Jeff Gardner, is set on creating a community of hackers rather than building another company.

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Redefining Social Media Through Open Innovation

Initially collaborating on Nostr, an open, apolitical social networking protocol, the team now extends its experimental eye to alternatives like ActivityPub—the protocol behind Mastodon—and Cashu. Their portfolio includes early-stage apps such as Bitchat, Sun Day, Shakespeare, and heynow, as well as tools like the Cashu wallet and the privacy-first messenger White Noise. These innovations demonstrate a commitment to creating platforms that promote both developer autonomy and user empowerment.

A Philosophical Pivot Away From Advertiser Dominance

Dorsey’s renewed approach questions the long-accepted corporate mechanisms that have long shaped social media. Reflecting on Twitter’s evolution, he argues that platforms reliant on advertising revenue inherently hinder open innovation and creative disruption. His experience highlights the limitations of traditional business models—where advertiser pressure can erode revenue streams and compromise platform integrity—and drives his pursuit of open, protocol-driven ecosystems.

Embracing AI-Driven Development And A New Social Contract

Recent advances in AI-assisted coding have enabled the team to rapidly prototype and deploy new applications. Projects like Shakespeare, an app-building platform for Nostr-based social networks with AI support, illustrate this cutting-edge synergy between technology and community-driven development. In parallel, efforts to outline a comprehensive Social Media Bill of Rights aim to guarantee privacy, security, and transparency while ensuring interoperability and user governance.

A Vision For A Decentralized And Accountable Future

Dorsey’s initiatives are not without precedent. His earlier support of open protocols eventually seeded the creation of Bluesky, though he remains critical of models dependent on VC funding and centralization. By advocating for a future modeled after decentralized principles akin to Bitcoin and Nostr, he envisions a platform ecosystem where businesses can thrive without compromising the public benefit of an open protocol.

Through collaborations, innovative app development, and engaging discussions, such as his recent podcast appearance on revolution.social—Dorsey and his team are laying the groundwork for a radical redefinition of social media. As these experiments progress, the journey towards an open, accountable, and truly decentralized social network promises to reshape how users interact online.

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Bank of Cyprus Upgrade Signals Fresh Optimism For Greek And Cypriot Banks

by THEFUTURE.TEAM

June 26, 2026

Regional Banks Enter A More Favorable Cycle

Bank of Cyprus and Eurobank are well positioned to benefit from a renewed re-rating of Greek and Cypriot bank stocks, according to Cyprus-based investment firm Roemer Capital, which upgraded Bank of Cyprus to a buy rating and reaffirmed its positive view on Eurobank.

The firm cited easing geopolitical tensions, resilient economic growth in Greece and Cyprus, lower funding costs and Greece’s expected transition to developed-market status as the main factors supporting the sector.

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Roemer Capital also lowered its cost of equity assumptions, updated its forecasts following first-quarter 2026 results and extended its valuation horizon to the end of 2027, raising target prices across its banking coverage.

Bank Of Cyprus Gets The Largest Upgrade

Bank of Cyprus received the biggest revision, with Roemer Capital upgrading the stock from hold to buy and setting a target price of €11.10, implying potential total upside of 27%.

The firm highlighted the bank’s strong capital generation, profitability and projected 100% dividend payout, describing it as the strongest capital-return story among the banks under coverage. Roemer Capital maintained its buy rating on Eurobank, assigning a target price of €4.90 and forecasting potential upside of 28%. The report said the bank is well placed to benefit from loan growth, improving operating performance and merger-and-acquisition synergies.

National Bank of Greece and Piraeus Bank also retained buy ratings, with expected returns ranging from 25% to 36%. Optima Bank was upgraded to buy, while Alpha Bank remained at hold on valuation grounds.

Why Growth Still Sets The Region Apart

According to Roemer Capital, Greek and Cypriot banks continue to benefit from stronger economic fundamentals than many western European peers. The report pointed to faster economic growth, healthier balance sheets, low levels of non-performing exposures, capital ratios approaching 20% and strong customer deposit bases.

Analysts expect performing loans across the sector to grow at a compound annual rate of 6% to 8% through 2028, supported by private investment, digitalisation, green manufacturing, supply-chain expansion and a gradual recovery in household lending.

The report also said the conclusion of lending under the EU Recovery and Resilience Facility is unlikely to materially affect credit growth, as banks have already shifted back towards traditional commercial lending. Roemer Capital expects Euribor to remain between 2.2% and 2.5%, a level it believes should support both lending activity and net interest margins.

Geopolitics, Valuation And Market Structure Support The Case

The report said improving geopolitical conditions have strengthened the investment outlook, noting that Brent crude prices have largely returned to pre-war levels while Greek government bond yields have stabilised at around 3.5%. Although geopolitical risks remain, Roemer Capital believes the likelihood of a major inflationary shock or significant pressure on bank profitability has eased.

Another important catalyst identified by the firm is Greece’s expected promotion to developed-market status by FTSE Russell, STOXX and MSCI over the coming months.

According to the report, the reclassification should improve liquidity and attract a broader base of international investors. Roemer Capital also said Euronext’s acquisition of the Athens Exchange is expected to strengthen market infrastructure and increase international visibility, particularly for Bank of Cyprus and Optima Bank.

The firm noted that Bank of Cyprus has already benefited from its Athens listing, with average daily trading value increasing from less than €400,000 before its September 2024 move to nearly €6 million afterwards.

Economic Momentum Remains A Core Tailwind

Roemer Capital said both Greece and Cyprus have moved beyond post-crisis recovery and are now supported by private-sector-led growth. For Cyprus, the report highlighted recent tax reform and efforts to simplify the legal and regulatory framework, while also noting that limited foreign banking competition continues to support domestic lenders.

Overall, Roemer Capital expects Greek and Cypriot banks to remain well-positioned for profitable loan growth over the coming years.

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