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According to TechCrunch, decentralized social network Bluesky announced the completion of a $100 million Series B funding round (led by Bain Capital Crypto, actually completed in April 2025 but previously undisclosed), with participants including Alumni Ventures, True Ventures, Anthos Capital, Bloomberg Beta, and Knight Foundation; the valuation was not disclosed. This announcement came after CEO Jay Graber announced stepping down and transitioning to Chief Innovation Officer, with the company planning to bring in a new CEO to drive commercialization.