Bluesky, the decentralized social platform, has raised $100 million in a Series B funding round led by Bain Capital Crypto. The operation, concluded last April but only announced now, marks a new phase for the company.

Leadership Change

The funding announcement coincides with the change at the top of the company. Jay Graber, founder of Bluesky, has stepped down as CEO. The timing suggests a possible correlation between the leadership change and the closing of the funding round.

Bluesky aims to be a decentralized alternative to traditional social media, aiming to give users more control over their data and their online experience. The platform is still under development, but has already attracted the attention of investors and users interested in a more open and transparent social network model.