October 24th, 2024

Bluesky Announces Series A to Grow Network of 13M+ Users

Bluesky secured $15 million in Series A funding to expand its user base, now over 13 million, and enhance its developer ecosystem while maintaining a free platform and exploring monetization options.

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Bluesky Announces Series A to Grow Network of 13M+ Users

Bluesky has announced a $15 million Series A funding round led by Blockchain Capital, aimed at expanding its user base, which has surpassed 13 million. The investment will support the growth of the AT Protocol developer ecosystem and enhance user experience without incorporating blockchain or cryptocurrency elements. Key features such as direct messaging and video have already been implemented, and plans for a subscription model for premium features are underway. Bluesky emphasizes maintaining a free platform while exploring monetization options for creators. The company has also launched various tools and features since its last funding round, including custom feeds and anti-harassment measures. Bluesky aims to foster an open social network that prioritizes user choice and community engagement, contrasting with traditional social media platforms that restrict access and control. The initiative seeks to empower users and developers alike, promoting a decentralized approach to social media.

- Bluesky raised $15 million in Series A funding to grow its user base and developer ecosystem.

- The platform has surpassed 13 million users and introduced features like direct messaging and video.

- Plans for a subscription model for premium features are in development, while the platform remains free.

- Bluesky focuses on user empowerment and community engagement, contrasting with traditional social media practices.

- The company has launched various tools to enhance user experience and safety since its last funding round.

Link Icon 9 comments
By @Kye - 3 months
I'm of course very skeptical more VC is a good thing and will continue using my profile on Bluesky to grow my newsletter[0] just in case.

That said, if anyone can make it work, it's the team there. It's no accident the CEO was able to navigate Bluesky's exit from Twitter.

[0] https://kyefox.com/newsletter/

By @reducesuffering - 3 months
There's been a large tech migration to BlueSky the past few days. Initially I was really excited as it was mostly high signal people, reminiscent of HN or early Twitter. However, I quickly encountered there's a large existing userbase that adopted it because of lefty / anti-Musk echo chamber views.

Matt Yglesias, a milquetoast centrist liberal Harris voter, founder of Vox, had his comments entirely brigaded by leftists doxing his old house, threatening him with hammers, and the highest liked comment is: "matty i hate to break it to you but the majority of this website would chase you around with a shovel" https://bsky.app/profile/manateejay.bsky.social/post/3k7x4lk...

You'd think if the milieu was intellectual, you'd have some reasonable debates about policy but it's all "gtfo" and threats.

By @omoikane - 3 months
13M+ users would put bluesky's user count above mastodon, according to this page:

https://mastodon-analytics.com/

I would be interested in some stats that compare the number of active users, and also number of users who actually made use of decentralization features (i.e. use a custom domain instead of bsky.social).

By @add-sub-mul-div - 3 months
I'm worried the need for growth will start to hurt what's otherwise still a good place. On the "Discover" feed there's an occasional carousel of accounts you're suggested to follow and being unable to turn that off is the first thing that's started to make it feel like the bad parts of the Twitter user experience.
By @consumer451 - 3 months
Related story:

> Bluesky’s upcoming premium plan won’t give paid users special treatment

https://www.engadget.com/social-media/blueskys-upcoming-prem...

By @ck2 - 3 months
There is a huge changeover now with academics switching to Bluesky

I am finding many astronomers on there and other scientists.

https://www.independent.co.uk/tech/twitter-academics-x-elon-...

By @fortyseven - 3 months
And the cycle repeats, over and over... nah, I'm done.
By @antomeie - 3 months
They need to change their name so bad. Sounds like a Russian scam site.
By @croes - 3 months
> A financing led by Blockchain Capital

Yeah, crypto bros.