If cyanobacteria never evolved during earth's history, how would their absence affect the composition of earth's atmosphere?

Cyanobacteria, also known as blue-green algae, are found in vast quantities in fresh and salt water. Cyanobacteria are able to conduct photosynthesis. By utilising energy from the sun, they produce carbohydrates from water and carbon dioxide. As a byproduct, they produce oxygen. So cyanobacteria provided oxygen to the atmosphere that allowed other lifeforms to develop.

Apparently the fungus is called a club

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