At the moment, 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 2 billionaire entrepreneurs concerning a blockchain-based social media platform. “I’ve an concept for a blockchain social media system that does each funds and quick textual content messages/hyperlinks like Twitter.” Stated Elon Musk in a single textual content alternate. He continued, “Third piece is a twitter-like app in your telephone that accesses the database within the cloud. This could possibly be huge.”
Nonetheless, Musk might not must create a decentralized Twitter different because of the launch of Diamond, a Web3 social app powered by the DeSo blockchain.
Posts on Diamond Can Be Minted as NFTs
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 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 potential earlier than.
For instance, posts on Diamond may be minted as NFTs, can earn crypto ideas, and rather 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 straightforward as creating an account on a web2 platform like Instagram.
Nader Al-Naji, the founding father of DeSo, mentioned:
“Diamond’s selection 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’t retailer content material effectively. 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.”
As well as, Diamond’s integration of the DeSo pockets makes it potential 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. It’s 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,” says Al-Naji.
That is the newest in a latest 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 big worth 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 answer that may lastly compete with Web2 juggernauts. DeSo is the primary and solely blockchain that enables builders to construct social apps the place you may’t even inform you’re on a blockchain. Which means, for the primary time, we have now a shot at lastly increasing Web3 from disrupting finance to disrupting the trillion-dollar social media business.”
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 forex of the DeSo blockchain, is listed on Coinbase.