Decentralized social platform Bluesky completes $15 million Series A funding, led by Blockchain Capital

according to Decrypt, the decentralized social platform Bluesky has announced the completion of a $15 million Series A funding round, led by Blockchain Capital, with participation from SevenX, True Ventures, and Alumni Ventures.

Bluesky stated that it will not "over-financialize" Bluesky's "social experience" by integrating cryptocurrency tokens, NFTs, or other blockchain-based technologies into its platform at this time.

According to RootData, Bluesky is building the AT Protocol, a new foundation for social networks that allows creators to be independent of platforms, enables developers to innovate freely, and lets users make choices in their experiences. The project is initiated by the founder of Twitter.