Jack Dorsey’s decentralised social media initiative is expected to make rapid improvements following the appointment of a leading cryptocurrency developer
Former software engineer for Zcash and Skuchain Jay Graber has been appointed to head the Bluesky project. The decentralised social media initiative has been around since 2019, and it is expected to make some interesting changes in both the medium and long term.
Graber, who is the founder of social event startup Happening, announced her latest appointment yesterday, stating that it would be an honour to work with Twitter to make the initiative a success.
The popular Zcash developer pointed out that the success of the decentralised social media platform would not happen instantly, but the team will continue to share their progress as it moves forward.
Jack Dorsey has been heavily involved in the cryptocurrency space for the past few years and he launched the Bluesky initiative two years ago. At the time, Dorsey said Twitter will be funding a team of developers to build a decentralised social media platform, Bluesky. The aim is to make Bluesky the standard for other decentralised social media platforms.
His involvement in the cryptocurrency space has increased in recent months. Last month, Dorsey announced that Square, his payments company, will develop a dedicated Bitcoin hardware wallet. The intention of the wallet is to make Bitcoin custody more mainstream.
Dorsey has always maintained that he is a Bitcoin maximalist and doesn’t really care about the altcoins. The decentralised finance (DeFi) sector has experienced massive growth over the past few years, with blockchains such as Ethereum and the Binance Smart Chain the biggest winners in this area.
However, Dorsey announced last month that Square would build a Bitcoin DeFi platform. If developed, it could be the first DeFi project on the Bitcoin blockchain, with Ethereum taking most of the businesses in that sector.
Dorsey doesn’t fancy other cryptocurrencies, despite developing and issuing his Twitter non-fungible tokens (NFTs) on the Ethereum blockchain.