Jack Dorsey, the co-founder of Twitter, now known as X, has created buzz with his decision to step down from the board of Bluesky, a social media platform. This move has sparked speculation among tech enthusiasts about the reasons behind it. Dorsey’s departure coincides with his positive remarks about Elon Musk’s X platform, leading to further discussions.

In a recent report by Bloomberg, it was revealed that Jack Dorsey, a prominent figure in the technology market and co-founder of Block Inc., has chosen to leave the board of Bluesky. This decision comes as Twitter, now rebranded as X following its acquisition by Elon Musk, undergoes a transformation.

Simultaneously, Dorsey has praised X as a platform for “freedom technology” and announced philanthropic grants to support open internet protocols. His reduced list of followers on X, which includes Elon Musk, Edward Snowden, and Stella Assange, indicates a strengthening relationship between Dorsey and X’s owner.

Bluesky, initially positioned as a decentralized alternative to Twitter, struggled to gain traction against Meta Platforms Inc.’s Threads. With Dorsey’s departure signaling a shift in focus towards X and Musk’s vision, the platform could see increased attention and development, posing a challenge to existing social media giants in the future.

Recently, Dorsey has shown strong support for Bitcoin and decentralized social media by donating $21 million to OpenSats. This demonstrates his belief in Bitcoin as the internet’s native currency, bringing optimism to the crypto market.

Moreover, the donation to OpenSats will support operational and development efforts, with $15 million allocated to the General Fund, $5 million to The Nostr Fund, and $1 million for operational budgets.