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Is Bluesky (going to be) as community-run as Mastodon?

Reading this article, and especially the end ...

CEO Jay Graber told The Verge that the plan is to hand over control of the AT protocol to a web standards body like the Internet Engineering Task Force.

... it almost sounds as if Bluesky is (going to be) as community-run as Mastodon.

But I'm suspicious. What is the catch?

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