Bluesky can be "nemesis" of Twitter, some say

For three years, Twitter has funded Bluesky, an independent project dedicated to developing decentralized social media but since Elon Musk acquired Twitter last week, some have wondered what will happen to the project.

Bluesky was initially founded in 2019, with Twitter's co-founder and former CEO Jack Dorsey serving as a key player on the project, Indy100 reports.

Just as Musk was finalizing his acquisition of Twitter, Dorsey announced Bluesky's first platform, AT Protocol, was in beta-testing leading to chatter online.

"On Tuesday [November 1] Jack Dorsey announced beta testing of his new Twitter competitor Bluesky, two days later Elon Musk bought Twitter for $44 Billion," a Twitter user wrote.

Some speculated that Bluesky would become the new Twitter, or at the very least, serve as competition.

What is Bluesky?

Despite being financially backed by Twitter, Bluesky is a completely independent entity, having no connection to Twitter shareholders.

The company was created as an "initiative to develop a decentralized social network protocol." Meaning separate social networks could interact with each other through an open standard, despite having separate systems of curation and moderation.

Earlier this year, Bluesky announced its first server, AT Protocol which allows users to see the content they want they want to across multiple social networks.

Dorsey did not help create Bluesky or AT Protocol as a rival to Twitter or Musk's takeover but the concept of Bluesky reflects much of what Musk has in mind for Twitter.

It's open-sourced and puts content moderation in the hands of those on the platform.

But should Musk fumble the ball in his Twitter takeover, users looking for Musk's vision may be motivated to move to AT Protocol.