“It’s trying to raise money (at least 4 Mio and up to 30 Mio USD) for ATProto (the protocol at the core of Bluesky) so “the community” can standardize the thing and “build stuff”. Plus the project wants to run a second “Relay” (which is the chokepoint that centralizes Bluesky at the moment).

Edit/Addition: The fact that just running another Relay leads to costs in the millions should make people wonder if this is the right approach for a better social media infrastructure that does not rely on big organizations.”