https://bsky.social/about/blog/10-24-2024-series-a
They announced a series A in which they stated they are implementing paid features through a subscription model and took 15 million dollars from Blockchain Capital.
They say in this statement they won’t “Hyper Financialize” the platform, which is corporate doublespeak for “We are now monetizing this platform”.
The additions to their board are people who come from crypto/NFT companies.
As a result, the clock is now ticking on Bluesky and its destruction is inevitable due to the laws of capitalism.
No doubt, I’m floored.