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July 10, 2023

Bluesky secures $8M funding, introduces paid custom domains

Bluesky unveils funding boost and debuts paid service ahead of Meta's Threads, intensifying social media competition

A decentralized social network shaking up the industry. With $8M seed funds, it aims to offer unique custom domains and explore sustainable revenue models beyond ads. The future of social media is changing.

Bluesky's recent funding round led by Neo and angel investors sets the stage for expansion and innovation. The alternative protocol to ActivityPub and upcoming rivals like Mastodon and Threads shows promise in creating a sustainable social network. By offering paid services, Bluesky is paving the way for a user-focused business model. Say goodbye to being the product.

Bluesky's recent seed funding not only fuels its growth but also marks a shift in the social media landscape. With a commitment to finding sustainable revenue models, Bluesky is on a mission to redefine how social networks operate. As they continue to experiment and provide real value to users, the future of social media looks promising under Bluesky's decentralized umbrella.

With over 13,000 users already utilizing custom domains, Bluesky partners with Namecheap to streamline the process and offer a seamless experience. Alongside new features and improved moderation policies, Bluesky aims to address user concerns and solidify its position in the decentralized social network space.

Bluesky's latest move to introduce paid custom domains marks a significant milestone in its evolution. By partnering with Namecheap, the popular domain registrar, Bluesky aims to simplify the process for users, enabling them to set up their unique domains within minutes. With over 100,000 users and growing, the demand for custom domains showcases the platform's appeal and individuality.

Furthermore, Bluesky has been actively addressing community feedback and concerns by enhancing its feature set and implementing new moderation guidelines. The company's commitment to tackling hate speech and ensuring a safer environment aligns with user expectations and sets it apart from competitors.

Bluesky's strategic partnership with Namecheap for custom domains demonstrates its dedication to enhancing user experience and customization. By actively listening to community feedback and implementing robust moderation guidelines, Bluesky is fostering a safe and inclusive social network. As it continues to evolve and expand its feature set, Bluesky is poised to solidify its position in the decentralized social media landscape, attracting users who value individuality and responsible online interactions.

Neil Hodgson Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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