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Reading: $1 million fund launched to support Bluesky ecosystem
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$1 million fund launched to support Bluesky ecosystem

GEEK DESK
GEEK DESK
Dec 19

A new fund called Skyseed has been established to support the development of applications and tools on Bluesky’s AT Protocol. With an initial investment of $1 million, the fund aims to encourage innovation and growth within the Bluesky ecosystem.

Focus on Open Source and Community

Skyseed is particularly interested in projects that enhance data privacy controls for AI usage, as well as applications designed for parents and children and local communities. This focus aligns with Bluesky’s commitment to open source technology and its vision of a decentralized social media landscape.

Independent Support for a Growing Platform

While Bluesky, the decentralized social app originally initiated by Jack Dorsey, has gained significant traction with 25 million users, the Skyseed fund operates independently. This independent backing underscores the growing interest and support for Bluesky’s AT Protocol.

Potential Impact

The Skyseed fund has the potential to accelerate the development of innovative applications and tools on the AT Protocol. This could lead to a more diverse and robust social media ecosystem, offering users greater choice and control over their online experiences.

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