Can you imagine Mastodon raising 100 MILLION dollars from a crypto VC fund and failing to disclose it... for a full year?
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@patpro I didn't know this and... yikes. Thanks for sharing this
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Can you imagine Mastodon raising 100 MILLION dollars from a crypto VC fund and failing to disclose it... for a full year? No I can't either.
And from their actual press release: "The Atmosphere currently contains about 20 billion public records—the posts, likes, comments and other interactions that bring the ecosystem to life. It's an astonishing collection of what open social infrastructure makes possible."
https://bsky.social/about/blog/03-19-2026-series-b
How I read it: data harvesting at its finest
️ @_elena Next Space Karen buys Bluesky for $44 billion
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Can you imagine Mastodon raising 100 MILLION dollars from a crypto VC fund and failing to disclose it... for a full year? No I can't either.
And from their actual press release: "The Atmosphere currently contains about 20 billion public records—the posts, likes, comments and other interactions that bring the ecosystem to life. It's an astonishing collection of what open social infrastructure makes possible."
https://bsky.social/about/blog/03-19-2026-series-b
How I read it: data harvesting at its finest
️ @_elena if trump supports it, then it must be really bad
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Mike Masnick, who sits on the board of #Bluesky, claims the team was too busy to announce the series B funding (see screenshot).
But something is fishy.
Even the VC firm - Bain Capital Crypto - isn't listing Bluesky anywhere on their website: https://baincapitalcrypto.com/portfolio/
Why the mystery? Was Bluesky afraid of a public backlash & asked to keep the information under wraps?
Sorry if I keep repeating myself but I will forever be skeptical of Bluesky and think of the tale of the scorpion and the frog.
@_elena Maybe the deal is in cryptocurrency, not actual dollars?
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Can you imagine Mastodon raising 100 MILLION dollars from a crypto VC fund and failing to disclose it... for a full year? No I can't either.
And from their actual press release: "The Atmosphere currently contains about 20 billion public records—the posts, likes, comments and other interactions that bring the ecosystem to life. It's an astonishing collection of what open social infrastructure makes possible."
https://bsky.social/about/blog/03-19-2026-series-b
How I read it: data harvesting at its finest
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@_elena And this is how I find out that he's on their board.
Even if Bsky themselves and some of their staff actions didn't raise alarms from the get go for me. The fact that they are located in the US under current administration and the lack of autonomy does.
I'm happy I finally took the plunge and made them my back up social media and Mastodon my primary. I like some of the utility over there, but it's already doing the spiral I watched Twitter doing before leaving there.
@707Kat @_elena@mastodon.social They're really speedrunning the cycle!
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@707Kat @_elena@mastodon.social They're really speedrunning the cycle!
@erikcats "By the magic of AI
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@erikcats "By the magic of AI
"@707Kat
I hate it but I'm laughing -
Mike Masnick, who sits on the board of #Bluesky, claims the team was too busy to announce the series B funding (see screenshot).
But something is fishy.
Even the VC firm - Bain Capital Crypto - isn't listing Bluesky anywhere on their website: https://baincapitalcrypto.com/portfolio/
Why the mystery? Was Bluesky afraid of a public backlash & asked to keep the information under wraps?
Sorry if I keep repeating myself but I will forever be skeptical of Bluesky and think of the tale of the scorpion and the frog.
@_elena Yeah, this excuse is baloney.
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@707Kat
I hate it but I'm laughing@erikcats Haha that was my intend.
You'll probably laugh watching this as well.
TLDW; Video goes over how OpenAI has had to hire a projectlead who is now raising alarm about all of their unfinished projects going nowhere other than wasting money and resources.
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Can you imagine Mastodon raising 100 MILLION dollars from a crypto VC fund and failing to disclose it... for a full year? No I can't either.
And from their actual press release: "The Atmosphere currently contains about 20 billion public records—the posts, likes, comments and other interactions that bring the ecosystem to life. It's an astonishing collection of what open social infrastructure makes possible."
https://bsky.social/about/blog/03-19-2026-series-b
How I read it: data harvesting at its finest
️ @_elena Mastodon data are open too….
But yeah blue sky has crypto investors it will be monetised for sure -
Can you imagine Mastodon raising 100 MILLION dollars from a crypto VC fund and failing to disclose it... for a full year? No I can't either.
And from their actual press release: "The Atmosphere currently contains about 20 billion public records—the posts, likes, comments and other interactions that bring the ecosystem to life. It's an astonishing collection of what open social infrastructure makes possible."
https://bsky.social/about/blog/03-19-2026-series-b
How I read it: data harvesting at its finest
️ @_elena
You'd scared me.
I really thought Mastodon did something sinister at the first glance XD -
@erikcats Haha that was my intend.
You'll probably laugh watching this as well.
TLDW; Video goes over how OpenAI has had to hire a projectlead who is now raising alarm about all of their unfinished projects going nowhere other than wasting money and resources.
@707Kat they sell vibe more than anything, so all projects trumps product (see Ee-lahn Mushk for reference).
But you're wrong, the video had me facepalming
good video! -
@707Kat they sell vibe more than anything, so all projects trumps product (see Ee-lahn Mushk for reference).
But you're wrong, the video had me facepalming
good video!@erikcats I believe facpalming should be a standard response to what's been happening with this tech for the past couple of years.
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Can you imagine Mastodon raising 100 MILLION dollars from a crypto VC fund and failing to disclose it... for a full year? No I can't either.
And from their actual press release: "The Atmosphere currently contains about 20 billion public records—the posts, likes, comments and other interactions that bring the ecosystem to life. It's an astonishing collection of what open social infrastructure makes possible."
https://bsky.social/about/blog/03-19-2026-series-b
How I read it: data harvesting at its finest
️ @_elena they aren't investing this kind of money if there's not a path to more money... People are the only thing of value on the platform... It's the same crap all over again with what people think is a prettier bow.
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Can you imagine Mastodon raising 100 MILLION dollars from a crypto VC fund and failing to disclose it... for a full year? No I can't either.
And from their actual press release: "The Atmosphere currently contains about 20 billion public records—the posts, likes, comments and other interactions that bring the ecosystem to life. It's an astonishing collection of what open social infrastructure makes possible."
https://bsky.social/about/blog/03-19-2026-series-b
How I read it: data harvesting at its finest
️ @_elena
How many cats can get for this? -
Can you imagine Mastodon raising 100 MILLION dollars from a crypto VC fund and failing to disclose it... for a full year? No I can't either.
And from their actual press release: "The Atmosphere currently contains about 20 billion public records—the posts, likes, comments and other interactions that bring the ecosystem to life. It's an astonishing collection of what open social infrastructure makes possible."
https://bsky.social/about/blog/03-19-2026-series-b
How I read it: data harvesting at its finest
️ @_elena "Open social infrastructure" - Haha, nice bullshit term.
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Can you imagine Mastodon raising 100 MILLION dollars from a crypto VC fund and failing to disclose it... for a full year? No I can't either.
And from their actual press release: "The Atmosphere currently contains about 20 billion public records—the posts, likes, comments and other interactions that bring the ecosystem to life. It's an astonishing collection of what open social infrastructure makes possible."
https://bsky.social/about/blog/03-19-2026-series-b
How I read it: data harvesting at its finest
️ @_elena This is disappointing. I hope the best for BlueSky, but I have a bad feeling this is going to come back to haunt them.
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@_elena "Open social infrastructure" - Haha, nice bullshit term.
@torstentorsten open social web for crypto vcs = billions of open data points up for grabs / surveillance / monetization opportunities
