October 24, 2024
Bluesky, the developer behind the AT Protocol, has recently surpassed 13 million users, announcing a successful $15 million Series A funding round led by Blockchain Capital. This financing round also included contributions from notable firms such as Alumni Ventures, True Ventures, and SevenX, along with individual investors including Joe Beda, co-creator of Kubernetes, and Amir Shevat of Darkmode. This funding aims to enhance user experience and expand the platform's developer ecosystem.
Since its inception, Bluesky has focused on empowering users through decentralized technology, avoiding the hyperfinancialization of social experiences with tokens or cryptocurrency. The partnership with Blockchain Capital aligns with Bluesky’s mission to enhance user experience while fostering a thriving ecosystem for developers working with the AT Protocol. The investment will help Bluesky to not only grow its community but also to innovate Trust and Safety features and develop a subscription model for premium services.
With this new funding, Bluesky plans to enhance its services, introduce monetization paths for creators, and further develop the AT Protocol, which allows for a diverse range of applications beyond the Bluesky app. The platform has made significant strides since its last funding round, expanding from an invite-only model to an open app that has attracted millions of users globally. Recent enhancements include custom feeds, direct messaging, and partnerships to broaden the platform's functionalities.
About Bluesky
Bluesky is a decentralized social network focused on user empowerment and developer innovation through its AT Protocol. Launched with the vision of creating an open social network, Bluesky enables users to interact freely while maintaining their privacy and control over their data. The platform fosters a vibrant community of creators, offering tools for content sharing and monetization. With a commitment to accessibility, Bluesky remains free for all users while developing additional features for those seeking enhanced capabilities.
Website: https://bsky.app/
X: @bluesky
About Investor
Blockchain Capital
Blockchain Capital, founded in 2013 by brothers Paul Bartlett Stephens and William Bradford Stephens, is a venture capital firm based in San Francisco, California. Recognized as the first venture capital firm dedicated exclusively to the blockchain ecosystem, Blockchain Capital invests across multiple stages in innovative companies that contribute to the growth of the blockchain economy.
Location: San Francisco, California
Website: https://blockchain.capital
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