News Summary

Mastodon, the non-profit organization behind the decentralized social network alternative, has announced a new strategy to generate revenue. The company will offer paid hosting, moderation, and support services for organizations wishing to join the open social web, also known as the fediverse. This move aims to diversify Mastodon’s revenue streams beyond donations and grants. The fediverse allows individuals and organizations to set up their own servers using the ActivityPub protocol, which powers applications like Mastodon, Meta’s Threads, and others. Mastodon’s new services will cater to brands and institutions that want to manage their own servers but lack the technical expertise. The company has already partnered with entities like the European Commission and AltStore to establish a stable revenue stream. Felix Hlatky, Mastodon’s CFO, stated that these offerings will provide financial stability while maintaining a community-driven ecosystem.