The additional funds have been used to scale Bluesky's team, while the company continues to develop Bluesky's app and the underlying ATProto that powers it.
The round, led by Bain Capital Crypto, was closed in April 2025 but had not been disclosed until now.
There were a few big waves of people trying out Mastodon when Twitter first started shitting the bed. Everybody likes to blame failed mass adoption on their own particular grievance with the software (most of which are legit tbh) but imo the 'problem' was that it's no good for influencers (due to architectural choices) and most people want to follow influencers.
And there's no way to fix it tbh — you can't have a decentralized network and discoverability on a par with a centralized service. And many existing Mastodon users do not want discoverability anyway.
Great point! Of course, if discoverability is what people are after then it's a losing battle for anyone without bland mainstream politics because alternative viewpoints aren't going to be boosted by American social media.
There were a few big waves of people trying out Mastodon when Twitter first started shitting the bed. Everybody likes to blame failed mass adoption on their own particular grievance with the software (most of which are legit tbh) but imo the 'problem' was that it's no good for influencers (due to architectural choices) and most people want to follow influencers.
And there's no way to fix it tbh — you can't have a decentralized network and discoverability on a par with a centralized service. And many existing Mastodon users do not want discoverability anyway.
Great point! Of course, if discoverability is what people are after then it's a losing battle for anyone without bland mainstream politics because alternative viewpoints aren't going to be boosted by American social media.