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Jack Dorsey Steps Down from Bluesky’s Board
Jack Dorsey, the co-founder of Twitter, has recently announced his departure from Bluesky’s board, the decentralized social media platform he founded in 2019. This move comes as a significant development in the tech industry.
Bluesky Confirms Dorsey’s Departure
In a recent post on the platform, Bluesky officially confirmed Dorsey’s exit from its board. The post expressed gratitude for Dorsey’s initial support and funding of the Bluesky project, which has now evolved into a thriving open-source social network running on atproto, the decentralized protocol developed by the team.
Reasons for Departure Remain Unknown
Neither Bluesky nor Dorsey have provided specific reasons for his departure. Dorsey’s recent activity on social media platforms has sparked speculation about his future endeavors and interests.
Dorsey’s Recent Activities and Connections
Observers have noted Dorsey’s engagement with various individuals and platforms, including his endorsement of certain technologies and projects. His decision to maintain a limited follow list on social media, including prominent figures like Elon Musk, indicates potential shifts in his professional relationships.
- Notable individuals on Dorsey’s follow list:
- Elon Musk
- Stella Assange (wife of WikiLeaks founder Julian Assange)
- NSA whistleblower Edward Snowden
Bluesky’s Evolution and User Base
Initially announced in 2019, Bluesky aimed to establish an open and decentralized standard for social media platforms. After entering beta testing in March 2023, Bluesky became publicly available on February 7, 2024. The platform has already attracted around 5.6 million users, according to internal data.
Dorsey’s Focus on Bitcoin Mining
Following his departure from Bluesky, Dorsey’s company Block has shifted its focus to Bitcoin mining technology. Block has made significant progress in designing a three-nanometer (3nm) Bitcoin mining chip and is collaborating with a leading semiconductor foundry to finalize the chip’s design.
Block’s mining project extends beyond chip development to include system design, showcasing Dorsey’s commitment to exploring new opportunities in the cryptocurrency space.
Dorsey’s Influence in the Cryptocurrency Industry
Jack Dorsey’s involvement in the cryptocurrency industry extends beyond his role at Twitter. As the former CEO of Square Inc., he played a key role in popularizing Bitcoin through the Cash App. Dorsey’s advocacy for Bitcoin as a decentralized and inclusive form of currency has positioned him as a prominent figure in the financial technology sector.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
