Posted: 12:06 PM PST · December 18, 2024
New Fund Aims to Boost Bluesky’s Growth
With 25 million users, Bluesky gets a $1M fund to take on social media and AI
Bluesky, the decentralized social app founded by Jack Dorsey, has been gaining momentum as an alternative to Elon Musk’s X. The platform, which launched five years ago, now boasts 25 million users. To further fuel its growth, a new fund called Skyseed has been announced with an initial $1 million war chest.
The Skyseed Fund
A New Era of Collaboration
The Skyseed fund is not affiliated with Bluesky, but rather aims to support startups that are building on the company’s open-source AT Protocol. The fund will offer grants to innovators who are developing technologies such as data privacy controls for AI usage and apps for parents/children and local communities.
Peter Wang, a well-known figure in the tech industry, has announced the Skyseed fund. His involvement is expected to attract top talent from around the world, creating a vibrant ecosystem of developers and entrepreneurs who will contribute to Bluesky’s growth.
The Potential Impact
The emergence of the Skyseed fund marks an exciting new chapter for Bluesky. By fostering collaboration between startups and the platform, the fund has the potential to accelerate innovation in the social media space.
Some of the key areas where grants will be awarded include:
- Data Privacy Controls: Developing technologies that safeguard user data and ensure responsible AI usage.
- Parental and Child-Focused Apps: Creating platforms that promote safe online interactions between children and parents.
- Local Community Initiatives: Building apps that bring people together, fostering a sense of community and connection.
A Decentralized Future
Bluesky’s decentralized approach has been a major factor in its success. By allowing users to control their own data and participate in the decision-making process, the platform is redefining what it means to be a social media user.
The Skyseed fund will play a crucial role in shaping this future by supporting startups that are committed to transparency, accountability, and innovation.
A New Era of Collaboration
As the tech industry continues to evolve, it’s clear that successful companies must adapt to stay ahead. The emergence of the Skyseed fund marks an exciting new chapter for Bluesky, and we can’t wait to see what the future holds.
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