Social Network Bluesky Secures $100 Million in Series B Funding from Bain Capital Crypto

Bluesky's funding news coincides with CEO Jay Graber's transition to chief innovation officer. Since its Series A, Bluesky's user base has grown from 13 million to over 43 million, and its ecosystem of apps has expanded. Concerns arise as Bluesky has not integrated cryptocurrencies into its offering and is not built on blockchain technology.