Decentralized Social Media Protocol Bluesky Closes $8 Million Seed Round Led by Neo

Bluesky, the decentralized social media protocol founded by former Twitter CEO Jack Dorsey, closed an $8 million seed round led by Neo, with participation from Kubernetes co-founder Joe Beda, Red Hat's Bob Young, and Protocol Labs.

With this funding, The company will expand its team, manage increasing operation and infrastructure costs, and grow the AT Protocol ecosystem as well as the Bluesky app. In addition, Bluesky is partnering with Namecheap, a domain registrar, to offer a service for domain purchasing and management.

Bluesky is a protocol for developing decentralized social networks, enabling multiple social networks (each with its own management and review system) to interact with other social networks through an open standard. Each social network that uses the protocol is an application.

Related: Jack Dorsey-Founded Decentralized Social Protocol Bluesky Gets 30K Signups for Waiting List