Skyseed Fund Backs the Bluesky and AT Protocol Ecosystem

Skyseed Fund Backs the Bluesky and AT Protocol Ecosystem

In a move emblematic of the burgeoning interest in decentralized social media, Skyseed Fund, a new VC fund and incubator launched by Peter Wang, has pledged an initial commitment of $1 million to support projects built on the Bluesky and AT Protocol ecosystem. This investment underscores the potential of decentralized technologies to revolutionize the way we interact online and signifies a growing disillusionment with the ad-driven, walled gardens that dominate social networking today. The Rise of Bluesky and the AT Protocol Bluesky is a social media platform built on the AT Protocol, an open-source, standards-based framework that empowers users to retain control over their data and seamlessly transition between applications within the protocol. This stands in stark contrast to the closed ecosystems of traditional social media giants like Facebook and Twitter, where users are tethered to a single platform and have limited control over their data privacy. The AT Protocol offers a novel ap…