Open Libra, a blockchain platform rooted in open-source principles, emerged as a derivative of Facebook's Libra and Diem projects. Its primary objective is to create a blockchain platform that prioritizes serving humanity over catering to venture capitalists' demands.

Historically, blockchain technology has been hailed as groundbreaking, showcasing its potential to disrupt traditional financial, technological, and corporate norms by employing an immutable digital ledger. However, the approaches to building, operating, and governing blockchains vary widely. While many in the cryptocurrency and blockchain sphere have embraced corporate structures and Silicon Valley norms, some projects advocate for community-driven development rather than centralized leadership.

Zaki Manian, a contributor to the Open Libra Network, emphasized in an interview with Cointelegraph that the project stands as a response to the corporate tendencies prevalent in modern blockchain endeavors.