Bluesky, a decentralized social networking protocol developed by former Twitter CEO Jack Dorsey, gains traction amid X’s policy changes, emphasizing privacy and user control, notably led by CEO Jay Graber.
Bluesky presents a shift in user interaction on digital platforms, favoring decentralization over corporate control, but lacks direct impact on crypto markets due to its non-financial approach.
Bluesky Driven by User Privacy Growth Surge
Bluesky is designed as a decentralized social networking protocol and app, serving as an open substitute to X (previously Twitter). It centers on privacy, user control, and transparent moderation. Growth has increased following policy shifts at X.
Jay Graber leads Bluesky as CEO, while Jack Dorsey remains an influential figure, having initiated the project during his tenure at Twitter. Bluesky recently published a report post-user growth highlighting an increase in moderation actions.
User-Driven Moderation Attracts Developers, Not Tokens
Community discussions emphasize privacy and user-driven moderation, drawing users from X over policy dissatisfaction. Users are not incentivized by financial factors, as Bluesky lacks a native token or blockchain integrations.
While Bluesky‘s growth has not affected major crypto assets like ETH or BTC, it has successfully attracted developers interested in identity and moderation innovations rather than financial gains. It remains unregulated relative to tokens.
Decentralized Networks Gain Popularity Amid X Controversies
Past platforms like Mastodon have seen similar adoption spikes during X controversies, yet had no proprietary tokens. SocialFi tokens remained unaffected by Bluesky’s growth as there is no measurable token flow.
Jack Dorsey’s observation emphasizes decentralized networks giving control back to users, supported by lack of major crypto market impact. Bluesky’s focus on privacy and user control aligns with his vision for user-focused platforms.
— Jack Dorsey, Co-founder, Bluesky
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