Bluesky, the social media platform gaining traction as a Twitter alternative, raised $15 million in a recent funding round led by Blockchain Capital, a crypto-focused venture firm. Other participating investors included SevenX, True Ventures, and Alumni Ventures. Despite this support from crypto firms, Bluesky has announced its intention to avoid integrating cryptocurrency-related features such as tokens and NFTs into its platform. The company emphasized its commitment to not hyperfinancializing the social experience, maintaining that the Bluesky app and its underlying AT Protocol do not utilize blockchains or cryptocurrencies. Currently, Bluesky has over 13.1 million registered users, with significant growth occurring since late August. The raised funds will be utilized to enhance community safety, develop a subscription model with new features, and potentially introduce micropayments for creators within the platform, though these payments will not involve crypto.

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