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Market News

Bluesky Picks Tech Entrepreneur to Lead the Web Research Group

Jay Graber, founder of a social events startup who has also worked as a cryptocurrency developer, will lead Bluesky.

Written By Rikta Mandal
Published 2021-08-17·Updated 11 months ago
Make The Crypto Times preferred on GoogleGoogle
Bluesky Picks Tech Entrepreneur to Lead the Web Research Group

In Brief:

  • Bluesky finds a leader for Twitter’s “Decentralized” social media project.
  • Jay Graber will lead the fledgling company, which will function on its own.

Bluesky, which was first made public in December 2019, hired Jay Graber on Aug 5. Jay Graber, a cryptocurrency developer, said on Twitter on Monday (August 16) that she is chosen to manage Blue Sky, an organization funded by Twitter.

She tweeted that she’ll be in charge of the firm recently formed by Twitter to decentralise social media.   

Graber stated, “I’ve been working closely with a group of thinkers and builders from the last year.” “In January, we released an ecosystem review, and my next step is to hire for the Bluesky team” she added.

“As we continue on this path, I look forward to working collaboratively with Twitter and other firms. It won’t happen overnight, but we’ll keep you updated as we go,” she further added. 

Later on, Monday, Twitter CEO and Founder Jack Dorsey confirmed the news on Twitter, saying it was a step toward decentralizing social media.

Twitter is funding a small independent team of up to five open source architects, engineers, and designers to develop an open and decentralized standard for social media. The goal is for Twitter to ultimately be a client of this standard. 🧵

— jack (@jack) December 11, 2019

Bluesky is seeking to introduce a new decentralized technology. Twitter and others will become clients of Bluesky and rebuild their platforms on top of the standard, Dorsey said previously.

It will allow collaboration on building content algorithms that better promote “healthy conversation”. It will reduce the burden on individual companies to fight issues like abuse and hate speech.

Also Read: Fintech Platform Cake DeFi Launches $100M Venture Capital Fund

Last November, Dorsey’s FinTech payments startup, Square, announced a $50 million investment in the purchase of 4,709 bitcoins. Dorsey shared a photo of his PC running bitcoin “node” software on social media in February. 

It’s still unclear whether Bluesky will build on current decentralized initiatives like ActivityPub, or create something entirely new.  

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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