Musk’s arrival on Twitter a little over two years ago caused a huge stir for the social network, and even then there were many who, even before this power grab took place, decided to abandon ship, knowing what the tycoon and owner of companies like Tesla or Space X could make and convert this platform.
And now, with the return of Donald Trump to the White House, and the beginning of a friendship between the president and the magnate that even extends to the political section, In recent weeks there has been the exile of Twitter (now called X) by millions of users.
The most popular alternative being Bluesky, an imitation of Twitter that was founded by the creator of the bird platform Jack Dorsey in 2019. As we said, Trump’s victory and the changes to the algorithms the social network which now promotes and prioritizes conservative publications It has caused many to flee the social network in search and longing for the playground of free debate that the platform used to be.
For this reason, the Bluesky social network yesterday reached the 20 million users, after adding a new million accounts in the past 24 hoursconfirmed Jay Graber, the 33-year-old CEO of the app that is experiencing its greatest moment. The reason for its success is that the app is a decentralized social network with a “open protocol”that keeps the power and decision-making of the social network out of the reach of a single company or group of people.
But here the question arises, then who pays?
Something that has not been said much about Bluesky is its financing, for whatever reason neither Dorsey nor Graber have mentioned very loudly that behind the social network sThey include Zcash, SkuChain, Komorebi, SevenX Ventures, Protocol Labs, Blockchain Capital among others. All these private investors, who you most likely don’t know at all, have something in common, these investors They are related to the world of cryptocurrencies and blockchain technology.
When this became known during Bluesky’s early years, many users were not happy, and although the company assured that it was not pivoting towards web3, It is an aspect of the social network that they don’t talk much about. The problem with the presence of so many crypto companies is that It is very reminiscent of X and how other blockchain companies helped Musk raise the capital necessary to buy the social network.
Although experts point out that Bluesky is less likely to be acquired by billionaires with all kinds of interests such as the purchase of Twitter, there is a certain suspicion that these crypto companies are the ones that now finance what has been postulated as the “social network of freedom.”
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