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Matrix Foundation to shut down bridges if it doesn't raise $100K

Matrix, the open protocol for secure decentralised communications

The Matrix.org Foundation has gone from depending entirely on Element, the company set up by the creators of Matrix, to having half of its budget covered by its 11 funding members, which is a great success on the road to financial independence! Without advocacy, conferences, documentation and tutorials, Matrix would become a niche protocol used by a few enthusiasts for side projects, whilst big proprietary and siloed networks continue to hold the world’s communications. Once the Foundation is cashflow positive, it will be able to accelerate and eventually get on with the multiple projects the team and Governing Board have in mind to make Matrix fun, exciting, reliable, safe, easy to use, and above all useful.

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