With 25 million users, Bluesky has secured $1 million in funding to take on social media and artificial intelligence

Successful technology companies follow a typical pattern: from product to platform where other startups build businesses on top of their own. To stimulate this, they often launch a fund. In this case, someone else is launching a fund to help the fast-growing social media site Blueskywho now claims 25 million users.

Wednesday open source and big python wig Peter Wang Announce The fund, called Skyseed, has an initial war chest of $1 million. Bluesky is Decentralized social application From Jack Dorsey (although Dorsey He left Bluesky’s board of directors in May). It was launched five years ago and took off as an alternative to Elon Musk’s X.

The fund will provide grants to those who rely on Bluesky’s open source AT protocol. It is researching technologies such as data privacy controls for the use of AI and applications for parents/children and communities.

Correction: Bluesky says this fund is independent of the company. This story has been updated to reflect that information.