Former Twitter CEO Jack Dorsey has resigned from the company’s board of directors. The Washington Post writes about it.

The takeoff was scheduled for November, when he left his post as platform chairman. Dorsey said he will remain in his role until the shareholders’ meeting in 2022.

The change came in the context of Elon Musk’s takeover of Twitter. The billionaire was not at the meeting, and senior executives refused to go into the details of the deal.

Dorsey served as Twitter CEO until 2008, when he was sacked, but remained chairman of the board. He turned to Twitter again in 2015.

Dorsey currently runs payments company Block (formerly Square). In the first quarter of 2022, BTC sales through Cash App brought the company $1.73 billion.

In July 2021, Block announced the development of a hardware wallet and bitcoin storage service. Dorsey later revealed that the firm is considering building its first open-source cryptocurrency mining device.

The top executive also announced that he is working on an open TBD platform to launch a decentralized bitcoin exchange based on the payment company. A few months later, he published a link on a white paper.

Recall that the NFT of Jack Dorsey’s first tweet was put up for sale for $48 million. The seller was offered 0.05 ETH ($96.17).

Earlier, Dorsey questioned the decentralization of Web 3.0.