CandleFocus Bluesky Raises $15 Million From Crypto Firms—But Says No to Tokens
2024-10-24
Author: Content Editor
Social media platform Bluesky has raised $15 million in a funding round led by crypto-focused venture capital firm Blockchain Capital. The Series A funding round also included participation from other crypto-related venture firms. However, Bluesky stated that it has no plans to integrate crypto tokens, NFTs, or other blockchain-based technology into its platform. The company now has over 13.1 million registered users and plans to use the funding to support and grow its community, improve Trust and Safety measures, and develop a subscription model with enhanced features. Bluesky is also considering introducing micropayments for creators but clarified that these payments will not involve cryptocurrencies.
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