[Decentralized Social Network Bluesky Completes $100 Million Series B Financing, Led by Bain Capital Crypto] According to TechCrunch, decentralized social network Bluesky announced the completion of a $100 million Series B financing round, led by Bain Capital Crypto, with participation from existing investors Alumni Ventures, True Ventures, Anthos Capital, Bloomberg Beta, and Knight Foundation. This round of financing was completed in April 2025 but had not been disclosed previously. Bluesky has not revealed its latest valuation; its Series A financing of $15 million was led by Blockchain Capital. The financing announcement coincides with Bluesky CEO Jay Graber stepping down and transitioning to the role of Chief Innovation Officer. Graber had previously stated that although Bluesky does not involve cryptocurrencies, its decentralized design was inspired by her early work with Zcash, aiming to transform centralized social media into an open and distributed network. Bluesky's user base has grown from 13 million during its Series A round to over 43 million, and the number of ecosystem applications based on the AT Protocol continues to increase.