Bluesky October 2024 Series A Funding Round

Bluesky, the decentralized social media platform, recently secured $15 million in Series A funding, led by Blockchain Capital with additional backing from Alumni Ventures, True Ventures, SevenX, and individual investors Amir Shevat and Joe Beda. This funding will support Bluesky’s expansion and development within the AT Protocol ecosystem, focusing on community growth, trust and safety, and potential monetization options. Plans include a subscription model for premium features, voluntary monetization paths for creators, and enhancements to the platform's decentralized infrastructure. Blockchain Capital's Kinjal Shah joins Bluesky's board to support its mission for an open social network.