Jack Dorsey is one step closer to providing online refuge for the slew of social media users ready to desert Twitter in the wake of Elon Musk's takeover.

A week before Musk took control of the company Thursday and immediately fired its CEO Parag Agrawal and two other top executives,

Twitter's co-founder and former CEO Dorsey, 45, announced that his decentralized social app Bluesky is seeking beta testers.

"The next step is to start testing the protocol. Distributed protocol development is a tricky process," the company shared in a news release last Tuesday.

"It requires coordination from many parties once a network is deployed, so we're going to start in private beta to iron out issues.

"As we beta test, we'll continue to iterate on the protocol specs and share details about how it works. When it's ready, we'll move to the open beta," it added, sharing a link to sign up for the beta test's waitlist.

The release explained that the new app will use an Authenticated Transfer Protocol (AT Protocol), which is a federated social network run by multiple sites instead of a single site.

The stock closed at $52.00/share Tuesday, indicating market uncertainty around the $54.20 offer.