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
Sadly it doesn’t look so much like an iOS app, more like a bad Instagram clone 😕
Honestly, I don’t hate that Idea much bcoz I think it will help users switching from IG to PixelFed.