It will be open source, end to end encrypted using Signal’s double ratchet encryption protocol, and he plans to make it easy for fediverse platforms to integrate it. The beta will release later this month.
He’s also the creator of https://fedidb.org btw
This take doesn’t make any sense. Signal is funded by a non-profit and has tons of money that allows them to not worry about funding in the near feature. There is nobody to “get tired of funding” them.