Takeaways
- Elon Musk posted a ballot asking if he ought to step down as CEO resulting from backlash from a latest coverage change that said that rival social networks couldn’t put up on Twitter
- Individuals instantly started calling for decentralized options as an answer to present centralized social media platforms
- The DeSo Blockchain, a custom-built layer-1 designed for the scalability of decentralized social purposes for tens of millions of customers, not too long ago crossed 2 million accounts and 130,000 MAUs
This comes at a time when knowledge factors trace at Elon Musk’s Twitter revamp shifting in the suitable route, with Twitter utilization hitting an all-time high.
Nonetheless, with the uncertainty surrounding Twitter, some surprise if they need to search out different social networks the place they’ll personal their content material, knowledge, and social graph.
Bankless founder Ryan Sean Adams tweeted, “Ohhh so Elon’s plan for web free speech was to make us all migrate from Twitter to web3 social platforms that truly help free speech.”
Messari founder and CEO Ryan Selkis referred to as Decentralized Social his “prime funding theme for 2023.”
Web3 social platforms are rising in reputation, together with DeSo, a brand new layer-1 blockchain that raised $200 million from Sequoia, Andreessen Horowitz, and Coinbase Ventures.
DeSo not too long ago crossed 2 million accounts and 130,000 MAUs, based on social block explorer OpenProsper.
Probably the most standard apps on DeSo is Diamond, a blockchain-based, censorship-resistant various to Twitter. It has a broader vary of money-native options that enable individuals to optimize for income.
Most didn’t consider a blockchain-based model of Twitter was attainable resulting from restricted storage capabilities and the price of transactions.
“Current blockchains can’t 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.
Diamond appeals to founders, builders, creators, and informal social media customers. Moreover, it has running a blog performance, and several other money-native options creators can use to construct, scale and monetize their viewers.
Customers can earn extra about DeSo and declare their decentralized, censorship-resistant profile at deso.com.
About Deso
DeSo is a brand new layer-1 blockchain constructed from the bottom as much as decentralize social media. Customers can declare their decentralized, censorship-resistant social profile at deso.com.
Contact
Ash Ghaemi
DeSo Basis
ash@deso.org
