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A novel web3 social platform calledis launching on, a brand new blockchain that has raised $200 million from Coinbase, Sequoia, and Andreessen Horowitz.
Diamond is the primary product ever to allow all posts, profiles, social graphs, and content material to be hosted on a decentralized censorship-resistant blockchain.
Posts on Diamond will be minted as NFTs, earn crypto suggestions, and different novel options.
At this time, content material is hosted on centralized platforms like Twitter, TikTok, or Instagram. Many thought leaders like Elon Musk and even Twitter founder Jack Dorsey name for another.
Lately, messages emerged between the two billionaire entrepreneurs relating to a blockchain-based social media platform.
“I’ve an concept for a blockchain social media system that does each funds and brief textual content messages/hyperlinks like Twitter.” Mentioned Elon Musk in a single text exchange.
He continued, “Third piece is a twitter-like app in your telephone that accesses the database within the cloud. This could possibly be large.”
Nevertheless, Musk could not must create a decentralized Twitter various due to the launch of Diamond, a Web3 social app powered by the DeSo blockchain.
Diamond is the primary platform ever to host its content material and social graph on a decentralized blockchain.
By publishing content material to the DeSo chain, writers, and creators can personal and management their content material the identical means they personal and management their Bitcoin. This implies they are often free from censorship and acquire new methods to monetize which have by no means been attainable earlier than.
For instance, posts on Diamond will be minted as NFTs, can earn crypto suggestions, and far more. Creators on Diamond can very simply launch social tokens that enable their followers to put money into their success. All with an onboarding that’s as simple as creating an account on a web2 platform like Instagram.
Diamond’s alternative to make use of the DeSo blockchain for internet hosting all of its content material showcases DeSo’s distinctive energy in content material storage. “Present blockchains can not retailer content material effectively,” says Nader Al-Naji, the founding father of DeSo. “It prices about $50 to retailer a 200-character Tweet on Ethereum, and about fifteen cents to retailer it on Solana, Avalanche, or Polygon. In distinction, DeSo is one ten-thousandth of a cent, making it the primary blockchain able to disrupting storage-heavy purposes like social, running a blog, and even marketplaces,” he says.
As well as, Diamond’s integration of the DeSo pockets makes it attainable to onboard Ethereum
customers in addition to mainstream customers. “The DeSo pockets helps each a one-click Google login and a one-click MetaMask login,” says Al-Naji. “It is not our objective to be tied to a single chain, or actually any chain. We simply wish to enable individuals to attach with one another it doesn’t matter what ecosystem they’re part of. DeSo is the unified social layer for all of web3,” he says.
That is the newest in a current string of successes for DeSo. The platform listed on Coinbase earlier this 12 months introduced a groundbreaking MetaMask integration final week that has induced a significant price surge. It has additionally been experiencing a current surge in consumer numbers.
In a world the place many are dissatisfied with conventional social media, Diamond and DeSo supply a decentralized resolution that may lastly compete with web2 juggernauts. “DeSo is the primary and solely blockchain that permits builders to construct social apps the place you’ll be able to’t even inform you’re on a blockchain,” says Al-Naji. “Which means, for the primary time, now we have a shot at lastly increasing web3 from disrupting finance to disrupting the trillion-dollar social media business.”
About DeSo Basis
DeSo is a brand new layer-1 blockchain constructed from the bottom as much as decentralize social media and scale storage-heavy purposes to billions of customers. They raised $200 million and are backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winkelvoss Capital, Pantera, and others.
$DESO, the native foreign money of the DeSo blockchain, is listed on Coinbase.
Try the total roadmap and cl intention your username on deso.com .
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