Crypto News
| Published On May 6, 2024 12:39 pm CEST | By Daniel Li

Jack Dorsey Departs From Bluesky’s Board of Directors

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Jack Dorsey, the well-known Twitter creator and current CEO of X, just declared his resignation from Bluesky’s board of directors. Bluesky is a decentralized social network that he co-founded in 2019.

On its official website, Bluesky announced the news and stated that they were starting a search for a new board member who would share their goal of giving people the authority to control their social networking experiences. Despite the news, neither Bluesky nor Dorsey have offered any explanation for their choices.

Dorsey’s Vision Unveiled

When Dorsey first introduced Bluesky in 2019 while serving as Twitter’s CEO before stepping down, he had the vision that Twitter will eventually use this ground-breaking standard. Dorsey emphasized in a series of tweets the critical role Bluesky plays in battling common problems like false information and the limitations imposed by recommendation algorithms.

In 2021, Bluesky changed dramatically, becoming a public benefit LLC and breaking away from Twitter, its parent firm. The company has raised a significant amount of money, including an additional $8 million at the same time as Threads, Meta’s X rival, launched. These monies are designated for the growth of the team and improvements to operations. Though it is making momentum, Bluesky only has about 5.6 million users at the moment, far less than Threads’ 130 million members.

Daniel Li

A day trader in cryptocurrencies and avid sports bettor himself, Daniel decided to join the team and share his expertise with the iGaming.org audience. Areas of interest are global crypto regulations and the adoption of cryptocurrency use in the world. Daniel loves to work hard and write “how to guides” related to sports betting to share his take on various topics.