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Jack Dorsey’s Bluesky Gets 30,000 Signups For Wating List

Bluesky, the decentralized social network venture funded by Twitter founder Jack Dorsey, has garnered 30,000 signups in the last 48 hours – and that’s just for its waitlist.

Due to overwhelming interest, the firm began its waitlist on Tuesday and stated in a tweet that it would give out invites to the private beta in stages.

Bluesky aims to create a social internet and assist users in avoiding data silos that are ubiquitous across online services.

Its soon-to-be-released software is built on the Authenticated Transport Protocol, or AT, a decentralized social media protocol aiming at making social media open source and interoperable, letting users connect with multiple applications all inside one ecosystem.

Bluesky, a non-profit effort organized by Twitter, was unveiled in 2019 by Jack Dorsey, then-CEO of Twitter. Dorsey quit Twitter in May 2022, and the project fell dark.

Elon Musk, Tesla’s CEO, announced earlier this month that he would follow his promise to take Twitter private, bringing an end to a months-long legal struggle to purchase the social network for $44 billion. He has until October 28 to complete the transaction.

According to the Washington Post, Musk intends to lay off 70% of Twitter’s workers following the takeover.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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