Los Angeles, CA, fifth October, 2022, Chainwire
Takeaways:
A unique web3 social platform referred to 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 can also be minted as NFTs, earn crypto guidelines, and different novel options.
Nowadays, content material is hosted on centralized platforms like Twitter, TikTok, or Instagram. Many concept leaders like Elon Musk or even Twitter founder Jack Dorsey name for an alternate.
Lately, messages emerged between the 2 billionaire marketers referring to a blockchain-based social media platform.
“I’ve an concept for a blockchain social media gadget that does each bills and quick textual content messages/hyperlinks like Twitter.” Stated Elon Musk in a single text exchange.
He endured, “3rd piece is a twitter-like app to your telephone that accesses the database within the cloud. This may well be huge.”
On the other hand, Musk would possibly not want to create a decentralized Twitter choice due to the release of Diamond, a Web3 social app powered via the DeSo blockchain.
Diamond is the primary platform ever to host its content material and social graph on a decentralized blockchain.
By means of publishing content material to the DeSo chain, writers, and creators can personal and regulate their content material the similar means they personal and regulate their Bitcoin. This implies they are able to be loose from censorship and achieve new tactics to monetize that experience by no means been imaginable ahead of.
For instance, posts on Diamond can also be minted as NFTs, can earn crypto guidelines, and a lot more. Creators on Diamond can very simply release social tokens that let their fans to spend money on their luck. All with an onboarding this is as simple as growing an account on a web2 platform like Instagram.
Diamond’s selection to make use of the DeSo blockchain for web hosting all of its content material showcases DeSo’s distinctive power in content material garage. “Present blockchains can not retailer content material successfully,” 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. Against this, DeSo is one ten-thousandth of a cent, making it the primary blockchain able to disrupting storage-heavy packages like social, running a blog, or even marketplaces,” he says.
As well as, Diamond’s integration of the DeSo pockets makes it imaginable 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 no longer our objective to be tied to a unmarried chain, or in reality any chain. We simply wish to permit other folks to hook up with every different 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 most recent in a up to date string of successes for DeSo. The platform indexed on Coinbase previous this yr introduced a groundbreaking MetaMask integration remaining week that has brought about a vital value surge. It has additionally been experiencing a up to date surge in person numbers.
In an international the place many are upset with conventional social media, Diamond and DeSo be offering a decentralized resolution that may in any case compete with web2 juggernauts. “DeSo is the primary and handiest blockchain that permits builders to construct social apps the place you’ll be able to’t even let you know’re on a blockchain,” says Al-Naji. “That suggests, for the primary time, now we have a shot at in any case 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 packages to billions of customers. They raised $200 million and are sponsored via Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winkelvoss Capital, Pantera, and others.
$DESO, the local foreign money of the DeSo blockchain, is indexed on Coinbase.
Take a look at the total roadmap and cl intention your username on deso.com .
Touch
Expansion Advertising and marketing Lead
Ash Ghaemi
DeSo Basis
ash@deso.org
