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.). To ensure we and our users benefit fully from this expertise, partner Kinjal Shah will join our board.
So we’ll see how long before the VC enshittification begins.
Edit: do you have to be male to be a cryptobro? Cryptosis?
Prior to joining Blockchain Capital, Kinjal was a Senior Consulting Analyst at Fidelity Investments in Boston. At Fidelity, Kinjal was an integral part of the strategic team developing Fidelity’s blockchain initiatives, as well as the strategy behind new asset management products.
Kinjal earned her B.S. in Quantitative Economics from Tufts University. She is a co-founder of Komorebi Collective, an investment DAO, funding female and non-binary founders in crypto.
So they took funding from a crypto capital fund, but with the expectation that blockchain would never be added to the product. Seems fairly okay to me.
https://bsky.social/about/blog/10-24-2024-series-a
So we’ll see how long before the VC enshittification begins.
Edit: do you have to be male to be a cryptobro? Cryptosis?
https://www.blockchaincapital.com/team/kinjal-shah
That is unfortunately a direct crypto connection, which is a bit too much for me. It’s nice that someone’s trying to replace Twitter though.
So they took funding from a crypto capital fund, but with the expectation that blockchain would never be added to the product. Seems fairly okay to me.
“Don’t be evil” 2.0