Elon Musk’s X (formerly Twitter) platform now faces competition from a rising contender, Bluesky, which has reached 25 million users. To advance in the domains of social networking and artificial intelligence, Bluesky will leverage a newly announced $1 million fund.
On Wednesday, prominent open-source and Python expert Peter Wang announced the establishment of a new fund called Skyseed. The fund’s initial capital stands at $1 million. Bluesky, a decentralized social networking app originally launched by Jack Dorsey, has been gaining traction as an alternative to Elon Musk’s X (formerly Twitter). However, Dorsey stepped down from Bluesky’s board in May 2023.
The Skyseed fund aims to provide grants to developers working on the open-source AT Protocol platform underlying Bluesky. The fund will focus on supporting projects that enhance data privacy controls in AI technologies, applications tailored for parents and children, and tools designed for local communities.
It should be noted that Bluesky has clarified that this fund was established independently of the company. This update incorporates this clarification into the report.
