BlueSky, a social media platform founded by former Twitter CEO Jack Dorsey, has attracted over 20 million users after its launch in 2023.
BlueSky is decentralized which means users will have more control over their data, the ability to create their own servers and the freedom to design their own algorithms.
BlueSky will allow users to move their data to other platforms that may use the Authenticated Transfer Protocol (AT Protocol or ATProto).
The concept of decentralization means more customizability and potential overlap with new platforms, lending itself to what is known as the Fediverse involving the intercommunication of several independent social media platforms.
BlueSky has the potential to become one of the key platforms for advancing high-speed crypto, token, and NFT transactions.
Meta (previously Facebook) owns Instagram, Facebook, and Threads. There are signs of progress towards integrating all their platforms into the fediverse.
The interconnected nature of the fediverse means that publishing a virtual world on one platform effectively makes it accessible across all platforms.
This interconnectivity leads to accelerated development, enhanced tokenized incentives, further gamification of culture, and a more significant impact in the digital world.
For the metaverse to function effectively, all platforms must seamlessly communicate with one another offering people the opportunity to live out a second life through a variety of mediums, primarily VR.
This technology enables the rapid creation of decentralized apps, worlds, tokens, and NFTs in a matter of minutes.