Decentralizing Social Media: Jack Dorsey Joins The Board Of Bluesky
It’s been just revealed that Jack Dorsey makes another interesting move in terms of decentralization. Check out the latest reports involving ex-Twitter CEO below. The official press release notes the following: “In 2019,...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
It’s been just revealed that Jack Dorsey makes another interesting move in terms of decentralization. Check out the latest reports involving ex-Twitter CEO below.
The official press release notes the following:
“In 2019, Twitter announced bluesky, a project it would fund to create an open and decentralized standard for social media.”
The notes continued and said that since then, the Bluesky community has been working together to better understand the existing decentralized web ecosystem.
More than that, the project also aims to outline the core tenets of what an open protocol for social media should include and the technologies on which it should be built.
The board members include Jack Dorsey, a founder of Twitter, Jeremie Miller, the inventor of Jabber/XMPP, and Jay Graber, CEO of the Bluesky company. https://t.co/crRNSdpgdn
— Blockworks (@Blockworks_) February 7, 2022
Check out their enthusiastic announcement below:
“Today, we are excited to announce the formation of the Bluesky PBLLC, a Public Benefit LLC that will implement that vision as an independent organization. Our mission is to develop and drive large-scale adoption of technologies for open and decentralized public conversation.”
The notes also reveal that the group was formed in late 2021 with the initial funding provided by Twitter.
“Our board members include Jack Dorsey, a founder of Twitter, Jeremie Miller, the inventor of Jabber/XMPP, and Jay Graber, CEO of the Bluesky company.”
Check out the complete notes in order to learn all the available details.
Dorsey supports the launch of new fundLast month, it’s been revealed that the former Twitter chief Jack Dorsey is currently helping launch a new fund that will support the defense of Bitcoin devs against litigation.
The Block Crypto revealed that its first port of call will be to come to the aid of the Bitcoin developers who are being sued by Craig Wright’s Tulip Trading Limited over an alleged “breach of fiduciary duty.”
The post Decentralizing Social Media: Jack Dorsey Joins The Board Of Bluesky first appeared on CryptoGazette - Cryptocurrency News.Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
SEC’s Crypto Custody Proposal Could Change How Funds Hold Digital Assets
TL;DR: The SEC has proposed a tailored crypto custody framework for advisers and regulated funds, but the changes are not yet fina...
Pump Fun offers $2.5M prize as traders boycott its missing airdrop
Crypto traders are boycotting the memecoin platform Pump Fun this week over the firm’s lack of airdrop, numerous rug pulls, and it...
Bitcoin ETFs pull in $110 million as Ether funds shed $88.58 million
Bitcoin's ETF inflows highlight its market dominance, while Ether's outflows suggest shifting investor confidence and potential vo...
Ripple Pushes RLUSD Into 24/7 Corporate Cash With AI Treasury Platform Expansion
Key Takeaways: Ripple Treasury introduced Returns 24/7, a program that lets qualified businesses get back 24/7 on their qualifying...
Grayscale credits Zcash’s 20% developer funding with a decade of innovation
Zcash's developer funding model fosters sustained innovation, influencing network security economics and governance perceptions lo...
Aviva Invests $66 Million in Tokenized Sterling Fund on XRP Ledger
Aviva has invested $66 million in a tokenized share class of its Sterling Liquidity Fund on the XRP Ledger. The launch extends its...