Twitter Inc TWTR-0.06%+ CEO Jack Dorsey has picked cryptocurrency developer and privacy veteran Jay Graber to guide efforts to construct a decentralized social media community dubbed Bluesky.
Graber, who contributed to the ZCash (ZEC) undertaking, introduced the information on Twitter on Monday.
I’m excited to announce that I’ll be leading @bluesky, an initiative started by @Twitter to decentralize social media. Comply with updates on Twitter and at https://t.co/Sg4MxK1zwl
— Jay Graber (@arcalinea) August 16, 2021
On its website, Bluesky says they’re “specializing in re-building the social web by connecting disconnected silos and returning control of the social experience to users.”
Dorsey termed Graber’s hiring as “another step in direction of decentralizing Twitter and social media.”“Now we will transfer a lot sooner, and through code,” the CEO wrote on Twitter.
On Monday, Twitter shares closed 1.6% lower at $63.78 within the common session. Ought to Bluesky materialize and Twitter adopts the system, then posts on the network could possibly be accessible by means of different interfaces as nicely, reported Bloomberg.
Content material moderation can be affected since a put up faraway from one social media website could possibly be accessible on one other with a distinct moderation rule set. Dorsey, who additionally heads Square Inc SQ+0.03%+, is a supporter of Bitcoin (BTC) and has expressed robust help for decentralization.
The entrepreneur was recently vital of rival Ethereum (ETH) and other coins on their founding ideas, safety, and centralization. Even so, Dorsey has up to now defended Twitter’s censorship and moderation insurance policies in Congress.
Responding to criticism surrounding political content material and its moderation in October final yr, Dorsey stated “individuals have an alternative of different communication channels.”
“We now have insurance policies which might be centered on ensuring that extra voices on the platform are potential.”
