Jack Dorsey Launches Bluesky, A Decentralized Platform That Could Rival Elon’s Twitter

Shortly after Elon Musk took over Twitter, former CEO of Twitter, Jack Dorsey, launched Bluesky, a decentralized social media platform that could give Twitter a run for its money.  The platform is said to be in its beta phase, with about 30,000 sign-ups.

Summary

• Jack Dorsey, launches Bluesky, a decentralized social media platform that could give Twitter a run for its money.
• Bluesky is an off-shot of Twitter, established in 2019.
• Twitter CEO Elon Musk called Bluesky a “super interesting idea.”

How will Bluesky Rival Twitter?

Elon Musk had the whole world put their hands in their mouth with his recent acquisition of Twitter after his squabble with the Twitter board of directors. Shortly after his ascension to the throne, he made decisions, some of which included the layoff of some key executives like the CEO Parag Argawal and others. He had even proposed that individuals who covet the blue tick will be able to get it for a monthly subscription of $8, a slight decrease from the earlier proposition of $20 per month. The decision had met heavy backlash from the “landlords” of Twitter, as Elon called them.

There is, however, a new kid on the block, Bluesky, an off-shot of Twitter established in 2019. The platform is a decentralized social media that could run neck to neck with Elon’s Twitter and give him a run for his money. The platform isn’t looking to profit off its followers unlike Elon’s Twitter. In just two days of its beta launch, it had gotten 30 000 sign-ups. Industry experts tout the project as an alternative to Musk’s Twitter, if not a total replacement.

Bluesky was birthed to account for the shortcomings of Twitter in that it intends to build a new “open and decentralised” social media.  It was announced at a time when social media platforms were being accused of data theft, misinformation, and election meddling. In fact, Jack Dorsey announced the project in a Twitter thread justifying the platform’s ban of Donald Trump.  Bluesky’s goal is to develop a “decentralized” protocol for social media. Companies and individuals would be able to build apps, services, or recommendation algorithms on the same underlying networks and data.

Elon Gives Positive Remarks About Bluesky

Although, Jack has no direct ties with Twitter and one would be quick to suggest that Bluesky would receive little or no support from Twitter, leaked comments between Elon and Jack Dorsey suggest otherwise.

Twitter CEO Elon Musk called Bluesky a “super interesting idea” and expressed a desire to assist if possible. When Musk’s Twitter takeover was announced, Dorsey responded positively. “Elon is the singular solution I trust… this is the right path. I believe it with all my heart,” he said.

Bottom Line

Elon Musk is still in the process of remodeling Twitter and making a lot of changes; many believe his being the CEO will bring a positive change and truly allow for freedom of speech. Earlier this week, the CEO of Binance hinted that he would assist Elon in making Twitter a web3 platform. These changes are left to be seen, Bluesky might just be the change that we all want to see on Twitter.