Home » Business » Bluesky: Jack Dorsey’s Decentralized Twitter Alternative Raises $8 Million in Seed Funding

Bluesky: Jack Dorsey’s Decentralized Twitter Alternative Raises $8 Million in Seed Funding

Bluesky is a decentralized alternative to Twitter, backed by social network co-founder and ex-CEO Jack Dorsey — closed $8 million seed round

It was led by Neo with the participation of a number of investors: Red Hat co-founder Bob Young, Kubernetes developer Joe Beda, Replit creator Amjad Masada and others.

The funds raised will be used to expand the team, operating costs and infrastructure, as well as to develop the AT protocol on which the platform operates.

Bluesky also announced the first paid feature, a custom domain as a username. To do this, the social network entered into a partnership with the registrar Namecheap.

Recall that in March, the Bluesky application appeared in the App Store for iOS.

In July, Meta launched its Twitter alternative called Threads. Elon Musk’s company has already threatened to sue Mark Zuckerberg’s corporation.

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2023-07-08 11:06:03
#Jack #Dorseys #Twitter #Alternative #Raises #Million #ForkLog

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