Bsky raises $15m from Blockchain Capital, the VC's press release hints at what they're interested in:
Bluesky [is] designed to foster a new ecosystem of applications. [...] It is interoperable with existing internet protocols and blockchain-based systems, opening the door for a more connected, less siloed social experience. Since its launch in April 2023, over 100 clients have been built on the AT Protocol, and users have created more than 50,000 custom feeds. And the best part of it all? By building on top of the AT protocol, these developers have access to Bluesky’s 13M users worldwide.
The VC firm sees bsky and their ownership of the relay as being a potentially very lucrative chokepoint, where the users of bluesky are the asset to rent to platform developers who want "access" to them. I've written before how atproto's decentralization is effectively meaningless with the relay system, where it's decentralized in the same sense as google alerts is decentralized - sure you can host your own PDS, but it's only useful because the main relay crawls it, and then either bsky or someone else who (inevitably) pays for access can send it back to you.
edit: here's why i think the relay is a chokepoint and why there will never be a second: https://neuromatch.social/@jonny/113365406995624763
@jonny a private enterprise is seeking monetization at the likely expense of the nominal goal? :neofox_surprised_pika: