Futo is an organization that develops and invests in decentralized technologies and companies.
What Is Futo?
Futo does not rely on other companies and promises to remain an independent company. It also pledges to stay loyal to its customers and maintain an honest relationship with revenue coming only from direct payments for software and services. Furthermore, it is “transparently devoted to making delightful software.” Thus, software backed by Futo will be open-source and no effort will be taken to limit users or modify their behavior.
What Does Futo Believe?
Futo believes the free market has failed and tech companies have established an oligopoly to consolidate their power. Moreover, technology has created powerful economies of scale that favor bigger organizations and manipulate human behavior in a way that is profitable for them.
Futo endorses the free market and aims to intervene with behavior that is harmful to users. Therefore, its projects are to be independent and shall not exacerbate the existing tech oligopoly. It also expects its projects to have an honest relationship with its customers and not employ revenue models that put the user at the center of revenue generation.
Futo also wants to take social media back to the beginning of the internet, where creators would publish their work to the entire world. It pledges to develop tools to back creators and invest in social media without political censorship.
Futo is backing projects with grants. At the time of writing, it has published two projects.
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