Home Blockchain Blockchain Twitter App Launches To Carry Decentralized Social to the Plenty – The Every day Hodl

Blockchain Twitter App Launches To Carry Decentralized Social to the Plenty – The Every day Hodl

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October 5, 2022 – Los Angeles, California


Right now, 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.
Takeaways
  • A novel Internet 3.0 social platform known as Diamond is launching on DeSo, 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 ideas and different novel options.

Not too long ago, messages emerged between the two billionaire entrepreneurs relating to a blockchain-based social media platform.

In a single text exchange, Elon Musk mentioned,

“I’ve an thought for a blockchain social media system that does each funds and quick textual content messages/hyperlinks like Twitter.

“[The] third piece is a Twitter-like app in your cellphone that accesses the database within the cloud. This may very well be huge.”

Nevertheless, Musk might not must create a decentralized Twitter different because of the launch of Diamond, a Internet 3.0 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 manner 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 will 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 put money into their success – all with an onboarding that’s as simple as creating an account on a Internet 2.0 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 power in content material storage.

Nader Al-Naji, founding father of DeSo, mentioned,

“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 doable to onboard Ethereum customers in addition to mainstream customers.

Al-Naji added,

“The DeSo pockets helps each a one-click Google login and a one-click MetaMask login. It’s not our purpose to be tied to a single chain – or actually any chain. We simply wish 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 Internet 3.0.”

That is the most recent 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 prompted a significant price surge. It has additionally been experiencing a current surge in person numbers.

In a world the place many are dissatisfied with conventional social media, Diamond and DeSo provide a decentralized resolution that may lastly compete with Internet 2.0 juggernauts.

Al-Naji mentioned,

“DeSo is the primary and solely blockchain that permits builders to construct social apps the place you may’t even inform you’re on a blockchain. Which means, for the primary time, we’ve got a shot at lastly increasing Internet 3.0 from disrupting finance to disrupting the trillion-dollar social media trade.”

About DeSo Basis

DeSo is a brand new layer one 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 complete roadmap and declare your username here.

Contact

Ash Ghaemi, development advertising and marketing lead at DeSo Basis

This content material is sponsored and needs to be considered promotional materials. Opinions and statements expressed herein are these of the creator and don’t replicate the opinions of The Every day Hodl. The Every day Hodl isn’t a subsidiary of or owned by any ICOs, blockchain startups or corporations that publicize on our platform. Buyers ought to do their due diligence earlier than making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be suggested that your investments are at your individual danger, and any losses you might incur are your accountability.

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