On Saturday, the former Twitter CEO called upon his followers to use"freedom technology" such as X as well as open source protocol Nostr.Former Twitter CEO turned crypto entrepreneur as well as CEO of payments firm Block , Jack Dorsey is no longer a board member at BlueSky, the social network startup that he started backing in 2019 in an effort to decentralize social media.
In Dec 2019, Dorsey announced that Twitter, which he then led as its CEO, was funding a small independent team to develop an “open and decentralized standard for social media,” which Twitter would ultimately follow as well. “New technologies have emerged to make a decentralized approach more viable,” he said back then. “Blockchain points to a series of decentralized solutions for open and durable hosting, governance, and even monetization. Much work to be done, but the fundamentals are there.”
The social networking service, which launched to the public in February, is led by CEO Jay Graber, a software engineer and entrepreneur. The ascension of Nostr over the past couple of years, though, essentially obviated the need for BlueSky.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
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