Bluesky Digital Assets Raises $1.16M for AI Development

Bluesky Digital Assets Corp. has raised over CAD 1.15 million through the exercise of warrants, which will fund its AI development and business initiatives, particularly through its BlueskyINTEL platform that integrates AI, Blockchain, and Web3 solutions. Separately, a new independent fund called Skyseed, initiated by entrepreneur Peter Wang with an initial capital of $1 million, aims to support developers creating tools for Bluesky's open ecosystem, particularly leveraging its AT Protocol. This comes as Bluesky has reached a milestone of 25 million users, positioning itself as a competitor to platforms like X (formerly Twitter). The Skyseed Fund will focus on projects enhancing data privacy for AI applications and community-oriented technologies. This initiative reflects a growing trend where successful tech companies evolve into platforms that foster innovation and new startups. Notably, Bluesky's rapid growth and open-source approach have attracted significant developer interest, highlighting its potential impact on the social media landscape.