The .xyz community is home to unique web3 businesses founded by accomplished tech entrepreneurs. DAO-governed Universe.xyz, co-founded by early Ethereum investor Tim Kang, helps you mint NFTs and launch your own community-driven NFT universe. Crypto wallet Monolith.xyz, founded by Dutch entrepreneur and investor Mel Gelderman, aims to make it easier for users to buy, store, and spend their cryptocurrency in the real world.
Web3-focused venture capital firm Paradigm.xyz, co-founded by Forbes-featured billionaire and Coinbase co-founder Fred Ehrsam, is focused on investing in Web3-based companies, like DAOs, NFT marketplaces, and cryptocurrency exchanges. In this week’s #BlockchainThursday, we’ll introduce you to an initiative founded by Twitter co-founder Jack Dorsey aimed at developing a new social media protocol: BlueskyWeb.xyz.
BlueskyWeb.xyz is the online home of Bluesky, a public benefit corporation aimed at building a decentralized form of social media. The Bluesky initiative was commissioned in 2019 by technology billionaire and Twitter co-founder Jack Dorsey while he was still the CEO of Twitter. BlueskyWeb.xyz received $13 million in funding from Twitter, with the intention of Twitter eventually adopting the technology. BlueskyWeb.xyz strives to create a standard protocol for social media platforms. The new protocol is intended to allow separate social media networks to interact with each other via an open standard, despite each network having its own curation and moderation systems. On October 18, 2022, BlueskyWeb.xyz introduced its decentralized social media protocol, named The AT Protocol. They also opened a waitlist for the Bluesky social app, which will serve as a browser with which to access the AT Protocol network. On October 18, 2022, BlueskyWeb.xyz shared via Twitter that there were 30,000 sign-ups for the app’s waiting list in the first two days.1
The Bluesky team aims to create a decentralized protocol for social media. This would allow companies and individuals to build apps, services, or recommendation algorithms on the same underlying networks and data. The concept is similar to how email platforms operate. You can send messages to someone who may use a different email platform and still be assured that your message will be received. BlueskyWeb.xyz AT Protocol aims to provide a common platform that will power the next generation of social applications. The new protocol offers innovative features such as account portability, which is designed to help you to move your account from one provider to another without losing your data or social graph. Another feature, algorithmic choice, is designed to help you have more control over what content is recommended to you.
We are inspired by the forward-thinking demonstrated by Jack Dorsey and the BlueskyWeb.xyz team. This interest in shaping the next generation of social applications demonstrates that the .xyz community is home to the innovators and pioneers of tomorrow. You can learn more by following the platform on Twitter or by visiting BlueskyWeb.xyz.
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