ChainCatcher news, according to Decrypt, the decentralized social platform Bluesky has announced the completion of a $15 million Series A funding round, led by Blockchain Capital, with participation from SevenX, True Ventures, and Alumni Ventures.Bluesky stated that it will not "over-financialize" Bluesky's "social experience" by integrating cryptocurrency tokens, NFTs, or other blockchain-based technologies into its platform at this time.According to RootData, Bluesky is building the AT Protocol, a new foundation for social networks that allows creators to be independent of platforms, enables developers to innovate freely, and lets users make choices in their experiences. The project is initiated by the founder of Twitter.

ChainCatcher news, Mask Network founder Suji Yan pointed out on Twitter that despite the heated discussions around decentralized social networks, the Arweave publishing feature of Mirror.xyz has been down for nearly two weeks during Token 2049, and almost no one is paying attention.It is reported that Mirror.xyz is a blockchain-based decentralized content publishing platform that utilizes Arweave technology for data storage.

ChainCatcher news, according to DL News, Cardano blockchain founder Charles Hoskinson stated in a post on X that after the Brazilian Supreme Court banned Elon Musk's social media platform X, he plans to launch a decentralized social media platform in Brazil.He stated: "Although Brazil has silenced our X platform's siblings, their work will continue and is important for all of us. I can't wait to recruit many Brazilians to help us build a decentralized social network."It is reported that the X platform has 20 million users in Brazil, but after the court ordered the suspension of the platform, many users in Brazil have been unable to access it due to Musk's refusal to designate a legal representative to handle matters related to the Brazilian government.

ChainCatcher news, the decentralized social collaboration network Zeek has completed a $3 million seed round financing, with investors including OKX Ventures, Animoca Brands, and Mask Network.It is reported that Zeek will change the way social collaboration works in SocialFi by establishing a reputation mechanism. Zeek is expected to launch in July, and its private beta is now running, with a limited release of 250 pieces of the Tier-0 Genesis NFT series set to go on sale later this month.

ChainCatcher message, Ethereum co-founder Vitalik Buterin proposed several directions for expanding and improving the functionality and scope of cryptocurrencies in response to the phenomenon of Meme coins continuing to dominate the narrative:zk reputation / identity / credentials;p2p cross-border payments (lower fees and rapidly improving user experience within this cycle);decentralized social;prediction markets (actually usable within this cycle);privacy;enterprise applications enabled by zk validiums;zk+ censorship-resistant voting.

ChainCatcher news, decentralized social company Ham announced on its official blog a partnership with DAO tool company Syndicate to launch the Layer 3 blockchain Ham Chain.According to the introduction, Ham Chain is a Layer 3 blockchain that is consistent with Ethereum and Superchain, featuring new functionalities such as on-chain social data and social rewards. Ham Chain is built using OPStack and Celestia on Base, utilizing ETH as its native gas token. Ham Chain allows developers to create dynamic on-chain social experiences.

ChainCatcher news, according to Fortune magazine, decentralized social network tool provider Neynar has completed a $11 million Series A funding round, led by Haun Ventures, with participation from a16z, CSX, Coinbase Ventures, and Union Square Ventures.Additionally, the Web3 asset data platform RootData shows that Neynar is the simplest way to build on Farcaster, allowing developers to use Neynar's infrastructure to develop building blocks for the Farcaster protocol. The Neynar API can be used to read and write Farcaster data (profiles, casts, feeds, etc.).

ChainCatcher news, the decentralized social protocol Farcaster has completed a $150 million Series A funding round, with a valuation of $1 billion. Paradigm led the round, with participation from a16z crypto, Haun, USV, Variant, Standard Crypto, and others. The project stated that the ample funding allows Farcaster to continue iterating on developer primitives, such as channels and direct messaging, while also focusing on growth and retaining daily active users of the protocol.According to the Dune Analytics dashboard created by Pixelhack, as of May 20, Farcaster's 7-day daily active user count is close to 45,000, marking a 30% increase since the peak of the Frames craze on February 11.

ChainCatcher news, the decentralized social network protocol CyberConnect announced on the X platform that the Cyber mainnet is now live. To commemorate this important release, CyberConnect has been renamed to Cyber, which is the social L2.