TL;DR
- Jack Dorsey steps away from the board of Bluesky, the decentralized social media platform he helped found in 2019.
- Despite his departure from Bluesky, Dorsey remains active on ‘X’, formerly known as Twitter, promoting grants to open interest protocols and keeping Elon Musk on his follow list.
- His company Block has shifted focus from solely chip design to developing a complete Bitcoin mining system.
The co-founder of Twitter, Jack Dorsey, has surprised the community with his recent resignation from the board of Bluesky, the decentralized social media platform he himself helped found in 2019. Dorsey’s resignation was announced last Sunday by Bluesky, and no details were provided about the reason for his departure.
Despite leaving Bluesky, Dorsey remains active on ‘X’, previously known as Twitter. Jack uses the platform to promote grants to open interest protocols and has referred to the social network now owned by Elon Musk as “freedom technology”. Although Dorsey publicly criticized Elon’s management in the past, he has surprisingly decided to keep the founder of Tesla and SpaceX on his follow list, sparking speculation about a possible reconciliation between the tech magnates.
Bluesky was conceived by Jack in 2019, and it finally saw the light with its public launch on February 7, 2024. It attracted a considerable user base, currently totaling around 5.6 million according to its own statistics. Despite taking several years to materialize, the project has managed to establish itself as a viable alternative within the world of decentralized social networks.
Dorsey Accelerates Towards the Crypto Industry
On the other hand, Dorsey has continued to expand his horizons, diversifying his businesses and investing in cryptocurrencies. His company Block has shifted its focus from solely chip design to developing a complete Bitcoin mining system. Block has successfully designed a three-nanometer (3nm) Bitcoin mining chip and is collaborating with a major semiconductor foundry to finalize its design.
It goes without saying that Dorsey is no stranger to the crypto industry. During his tenure as CEO of Square Inc., the developer of the Cash App mobile payment application, Jack was one of the first to embrace Bitcoin. Under his leadership, Square allowed users to buy, sell, and hold BTC directly within Cash App, contributing to its widespread adoption.
Dorsey’s departure from the board of Bluesky could signal a new direction in his goals, perhaps paving the way for new technological projects and a focus on the crypto world. His interest and involvement in emerging technologies set a precedent for what may be in store. We will be keeping an eye out for any updates.
