Editor’s note: this is a slightly modified and extended version of the analysis I wrote in the Last Week in the ATmosphere newsletter.
Last week, Bluesky announced their series A funding round, raising $15M in a round that is led by a venture capital fund Blockchain Capital. The seed round already had investors from the crypto world, but this drew much more attention with the series A, as the headline of Blockchain Capital as a lead investor made the connection loud and clear. Bluesky is aware of the negative connotations that many people have regarding blockchains and crypto, explicitly stating