Justin Hunter pfp
Justin Hunter
@polluterofminds
$15m raise vs. $150m raise 🤔 https://bsky.social/about/blog/10-24-2024-series-a
5 replies
0 recast
8 reactions
Samuel pfp
Samuel
@samuellhuber.eth
"This does not change the fact that the Bluesky app and the AT Protocol do not use blockchains or cryptocurrency, and we will not hyperfinancialize the social experience (through tokens, crypto trading, NFTs, etc.)" "Bluesky’s open technology, the AT Protocol, makes a whole ecosystem of apps possible. We’re excited that developers have already begun building their own applications with totally different purposes from the Bluesky app. For example, Smoke Signal is an events app, Frontpage is a web forum, and Bluecast is an audio app (that includes karaoke with licensed songs)! We hypothesize that monetization strategies like subscriptions, domain-name registrations, and payments to creators will enable these independent apps to grow as well."
3 replies
0 recast
7 reactions
Samuel pfp
Samuel
@samuellhuber.eth
what's interesting about the above is that blockchain to me is a natural solution fitting the monetization
1 reply
0 recast
2 reactions
Justin Hunter pfp
Justin Hunter
@polluterofminds
For a specific audience, I agree. I think many of us, myself included, underestimate how much of a larger market becomes available when you are NOT coupled to or associated with blockchain.
1 reply
0 recast
2 reactions
Samuel pfp
Samuel
@samuellhuber.eth
associated is the key here. it's feeling about a technology. Beeing associated with the internet seemed scam in the 90s https://www.sciencedirect.com/science/article/abs/pii/S000768139890074X the second image is interesting people found it easier to buy online. We're not there with crypto due to onboarding friction
1 reply
0 recast
2 reactions
Justin Hunter pfp
Justin Hunter
@polluterofminds
Yep. Case in point from the technology side is stablecoins and Stripe’s massive acquisition announcement earlier this week
0 reply
0 recast
1 reaction