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Successful technical school companies keep up a distinctive practice : from ware to platform where other startups build business on top of theirs . To spur that , they often launch a monetary fund . In this case , someone else is launching a investment trust to help fast - growing societal media siteBluesky , which now claims25 million user .
On Wednesday , open source and Python bigwig Peter Wangannouncedthe fund , dubbed Skyseed , with an initial $ 1 million warfare dresser . Bluesky is thedecentralized societal appfrom Jack Dorsey ( though Dorseyleft the Bluesky board in May ) . It launched five years ago and has taken off as an choice to Elon Musk ’s X.
The fund will offer grants to those building on Bluesky ’s open rootage AT Protocol . It ’s looking for technical school like data privateness controls for AI usage and apps for parents / kid and local residential area .
discipline : Bluesky says that this fund is self-governing of the company . This story has been updated to ruminate that information .
