It's "federated" but you need an invite code...?
Discussion
You need an invite to bsky.social. You can self-host but I don’t know how.
Velvet rope to induce envy and desire.
Ah, so it's the "we only have so many vaccines available, please don't rush, only super important people get them..." phase
I don’t think it is federated yet? Idk for sure tho