BlueSky, a decentralized social media company, raised $15m in Series A funding.
The round was led by Blockchain Capital, with participation from Alumni Ventures, True Ventures, and SevenX, as well as Amir Shevat of Darkmode, co-creator of Kubernetes Joe Beda, and others.
The company intends to use the funds to support and grow its community, invest in trust and safety, and support the ATmosphere developer ecosystem.
Bluesky is a social app that is designed to not be controlled by a single company built by many people. It is also building the AT Protocol, a protocol for public conversation and an open-source framework for building social apps, meaning people have transparency into how it is built and what is being developed. It creates a standard format for user identity, follows, and data on social apps, allowing apps to interoperate and users to move across them freely. It is a federated network with account portability. Developers have already begun building their own applications with totally different purposes from the Bluesky app. For example, Smoke Signal is an events app, Frontpage is a web forum, and Bluecast is an audio app (that includes karaoke with licensed songs).
Bluesky now exceeds 13 million users.
FinSMEs
28/10/2024