For sure. Though I would not be surprised if it's in fact well in excess of $1m per month if you take into account Jack's andotherstuff $10m, plus HRF, plus also the few VCs in the space.

The danger with the sugar daddy approach is that if the sugar daddy runs out of sugar then things quickly enters a downward spiral and the protocol can collapse to the point where it's a forever hobbyist thing. (You don't realise how dependent you are on the sugar until it's gone).

We're at a point where nostr needs to show growth. It's been flat for the past two years, and in those years plenty of events of the type that if they don't push people to nostr then what will? There is currently no indication that nostr can grow beyond 20k daily actives, let alone 1m which itself is still a very small number.

Nostr has to show that it can in fact grow, and in a hurry IMO. Opensats funds are donations from people and orgs that are generous but can't be generous forever.