PANews reported on October 25 that according to the official announcement of Bluesky, the social platform Bluesky has completed a $15 million Series A financing, led by Blockchain Capital, with participation from Alumni Ventures, True Ventures, SevenX, Pivot Global, etc. Despite the support of crypto venture capital, Bluesky made it clear that it would not "over-financialize" the platform through tokens, NFTs, etc.

Currently, Bluesky has more than 13 million users and plans to use the new funds to strengthen community building, invest in trust and security, and support the AT Protocol developer ecosystem. The platform will also develop a subscription model to provide users with functions such as video uploading and personalized configuration. At the same time, Bluesky will build payment services for creators and explore voluntary monetization channels to support the growth of more Web3 applications.