It will be open source, end to end encrypted using Signal’s double ratchet encryption protocol, and he plans to make it easy for fediverse platforms to integrate it. The beta will release later this month.
He’s also the creator of https://fedidb.org btw
just yesterday element literally gave up on joining the nix matrix space after staying at joining for hours on my selfhosted dendrite instance
a week or so ago the exact same thing happened with the arch matrix channel