The article discusses Peter Wang’s new venture, the Skyseed fund, which is focused on investing in and supporting decentralized social media projects. The Skyseed fund aims to create a modular ecosystem of open-source social media services that can be built upon by other developers.
Here are some key points from the article:
- Bluesky’s protocol: The Skyseed fund is connected to Bluesky, a privately held company behind the Bluesky app and the open-source AT Protocol. While this may raise concerns about the centralization of power, Wang believes that users can always fork off and use alternative innovations if they don’t like the direction of the project.
- Modular ecosystem: The Skyseed fund aims to create a modular ecosystem where multiple projects can be built upon each other, reducing the need for large companies to build everything from scratch. This approach would allow for more innovation and diversity in the social media space.
- Investment focus: The Skyseed fund will invest in and support decentralized social media projects that are building on top of the AT Protocol or other open-source protocols. Wang’s goal is to create a thriving ecosystem of decentralized social media services that can coexist with traditional platforms.
- Balance between openness and profitability: Wang emphasizes the need for balance between openness and profitability, acknowledging that advertising-supported models may not be sustainable in the long term.
Some potential implications and takeaways from this article include:
- Decentralization vs. centralization: The Skyseed fund’s focus on decentralization raises questions about the role of centralized authorities in shaping social media platforms.
- Modular ecosystem benefits: A modular ecosystem could lead to increased innovation, diversity, and resilience in the social media space.
- Balancing openness and profitability: Wang’s emphasis on balance highlights the challenges of creating sustainable business models for decentralized social media services.
Overall, the article provides insight into Peter Wang’s vision for a more decentralized and modular social media ecosystem, which could have significant implications for the future of online communication and interaction.
