• skoberlink@lemmy.world
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    6 months ago

    I’ve never heard of FUTO before and it sounds a little too good to be true. It looks like they have made some grants to other big projects. I like what they’re saying to the point that it seems too good to be true.

    Does anyone know if this is a legit organization and if it has staying power?

    Either way getting further progress on Immich, hopefully moving towards real stability, is very exciting!

    • rijom@lemmy.ml
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      6 months ago

      Do they say anywhere how they’re funded? Couldn’t really find anything on the FUTO page…

      • skoberlink@lemmy.world
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        6 months ago

        Immich will be funded by an optional purchase in the near future. Since I can’t find anything else, my best guess is some portion of that goes to FUTO. But it is just a guess. I also couldn’t find any specifics on FUTO’s funding.

      • doeknius_gloek@discuss.tchncs.de
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        6 months ago

        Uhhh so I copied the part from their website that tries to answer your question and now my clipboard seems to include an invisible link to some scummy sounding website. So either I have to nuke my smartphone (and another system I tested this on) or this just got a whole lot sketchier.

        That organization is FUTO, founded in 2021 by 18-year Silicon Valley veteran, programmer/founder of Yahoo! Games, and WhatsApp seed investor Eron Wolf.

        https://www.high-endrolex.com/26

        Through a combination of in-house engineering projects, targeted investments, generous grants, and multi-media public education efforts, we will free technology from the control of the few and recreate the spirit of freedom, innovation, and self-reliance that underpinned the American tech industry only a few decades ago.

        FUTO is not reliant on any existing tech company or venture capital firm for its funding. We are not expecting quick profits.

        Source: https://futo.org/what-is-futo/