Jack Dorsey abandons Bluesky, leaves board of directors

Main Points Related to Bitcoin, web3, Ethereum, and Cryptocurrency:

  • Jack Dorsey steps down from Bluesky board
  • Bluesky searches for new board member
  • Bluesky’s mission and funding updates

Jack Dorsey’s Departure from Bluesky

After co-founding Bluesky in 2019, Jack Dorsey, Twitter’s founder, stepped down from the decentralized social network’s board. The company is now in search of a new board member aligned with their vision of empowering users in the social networking space.

Bluesky’s Mission and Funding Updates

Established as a separate entity from Twitter in 2021, Bluesky aims to offer a decentralized alternative for social networking. With over $20 million in funding from various backers, Bluesky continues to expand and innovate, recently securing an $8 million injection to support growth and operational needs. As of now, Bluesky has attracted approximately 5.6 million users, positioning itself as a competitor to other social networking platforms.

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