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 an alternate. Just lately, messages emerged between the 2 billionaire entrepreneurs concerning a blockchain-based social media platform.
“I’ve an thought for a blockchain social media system that does each funds and brief textual content messages/hyperlinks like Twitter,” stated 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 may very well be huge.”
Nonetheless, Musk might not have to create a decentralized Twitter various because of 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 in the identical approach they personal and management their Bitcoin. This implies they are often free from censorship and achieve new methods to monetize which have by no means been doable earlier than.
For instance, posts on Diamond might be minted as NFTs, can earn crypto suggestions, and way more. Creators on Diamond can very simply launch social tokens that enable their followers to spend money on their success. All with an onboarding that’s as simple as creating an account on a web2 platform like Instagram.
Diamond’s selection to make use of the DeSo blockchain for internet hosting all of its content material showcases DeSo’s distinctive power 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 wallet makes it doable 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’s not our purpose to be tied to a single chain, or actually any chain. We simply need to enable folks 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 latest string of successes for DeSo. The platform, listed on Coinbase earlier this yr, introduced a groundbreaking MetaMask integration final week that has triggered a big value surge. It has additionally been experiencing a latest 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 the web2 juggernauts.
“DeSo is the primary and solely blockchain that enables builders to construct social apps the place you’ll be able to’t even let you know’re on a blockchain,” says Al-Naji.
“Meaning, for the primary time, we’ve a shot at lastly increasing web3 from disrupting finance to disrupting the trillion-dollar social media trade.”
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. It raised $200 million and is 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.
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