Bluesky shares seed round, Threads launches, Twitter becomes money transmitter
This week has proven to be a busy one for social media platforms and their bigwig bosses. Twitter rival Bluesky announced an $8 million seed round on the eve of the launch of Threads, Meta’s own rival to Elon Musk’s bird website, just as Twitter announced it has secured a money transmitter license in several US states. Twitter founder Jack Dorsey’s Bluesky launch ed its beta release in February. On Wednesday, it shared a press release announcing an $8 million funding round , led by Neo, that would allow the firm to expand its team and grow the app. Additionally, Bluesky shared news of its first paid service — custom domains. “Domains have so much potential as a personalized way to customize identities and as a decentralized way to verify reputation that builds off the existing web,” Bluesky’s statement read. The firm pointed out that while many of its users already customise their domains, such as US senators, the process “requires some familiarity with domain registrars and DNS...