BLUESKY LAUNCHES SERIES B $100M, WHALES ARE JUMPING IN 🐳
News: Bluesky has just announced a Series B funding round of $100 million, led by Bain Capital Crypto. This round brings their total fundraising to over $120 million. Notably, this funding round was completed earlier but only announced after a change in CEO, with the founder stepping back to focus on the product and bringing in an operator to scale up. Bluesky currently has about 40 million users and is pursuing a decentralized social network model based on the AT Protocol. Cash continues to flow into the "decentralized social network" narrative, but the approach is becoming more pragmatic, focusing on optimizing operations, preparing for scaling, and facing clear growth pressure from venture capital investors. Bluesky is entering a crucial phase to prove its operational and scaling capabilities, moving beyond just a pure technology story.
Whales are accumulating. Liquidity is being pumped in. Preparing for a big wave.
Not financial advice. Manage your risks.
#DeSoc #VC #Crypto #Bluesky 🚀