Blockchain Twitter app launches to bring decentralized social to the masses
October 5, 2022 – Los Angeles, California
Today, the content is hosted on centralized platforms such as Twitter, TikTok or Instagram. Many thought leaders such as Elon Musk and even Twitter founder Jack Dorsey are calling for an alternative.
Takeaways
- A new Web 3.0 social platform called Diamond is launching on DeSo, a new blockchain that has raised $200 million from Coinbase, Sequoia and Andreessen Horowitz.
- Diamond is the first ever product that enables all posts, profiles, social graphs and content to be hosted on a decentralized censorship-resistant blockchain.
- Posts on Diamond can be minted as NFTs, earn crypto tips and other new features.
Recently, messages surfaced between the two billionaire entrepreneurs regarding a blockchain-based social media platform.
In a text exchangesaid Elon Musk,
“I have an idea for a social media blockchain system that does both payments and short text messages/links like Twitter.
“[The] third piece is a Twitter-like app on your phone that accesses the database in the cloud. This could be massive.”
However, Musk may not have to create a decentralized Twitter alternative thanks to the launch of Diamond, a Web 3.0 social app powered by the DeSo blockchain.
Diamond is the first platform ever to host its content and social graph on a decentralized blockchain.
By publishing content to the DeSo chain, authors and creators can own and control their content in the same way they own and control Bitcoin. This means they can be free from censorship and gain new ways of making money that have never been possible before.
For example, posts on Diamond can be minted as NFTs, can earn crypto tips and much more. Creators on Diamond can very easily launch social tokens that allow their followers to invest in their success ll with an onboarding that is as easy as creating an account on a Web 2.0 platform like Instagram.
Diamond’s choice to use the DeSo blockchain to host all of its content demonstrates DeSo’s unique strength in content storage.
Nader Al-Naji, founder of DeSo, said:
“Existing blockchains cannot store content efficiently. It costs about $50 to store a 200-character Tweet on Ethereum, and about fifteen cents to store it on Solana, Avalanche, or Polygon.
By contrast, DeSo is one ten-thousandth of a cent, making it the first blockchain capable of disrupting storage-heavy applications like social, blogging, and even marketplaces.”
In addition, Diamond’s integration of the DeSo wallet enables the onboarding of Ethereum users as well as mainstream users.
Al-Naji added,
“The DeSo wallet supports both Google one-click login and MetaMask one-click login. It is not our goal to be tied to a single chain or really any chain. We just want to let people connect with each other no matter what ecosystem they are a part of. DeSo is the unified social layer for all of Web 3.0.”
This is the latest in a string of recent successes for DeSo. The platform listed on Coinbase earlier this year announced a groundbreaking MetaMask integration last week that has caused a significant price increase. It has also experienced a recent increase in the number of users.
In a world where many are dissatisfied with traditional social media, Diamond and DeSo offer a decentralized solution that can finally compete with the Web 2.0 juggernauts.
Al-Naji said:
“DeSo is the first and only blockchain that allows developers to build social apps where you can’t even tell you’re on a blockchain. That means, for the first time, we have a chance to finally expand Web 3.0 from disrupting finance to disrupting the trillion-dollar social media industry.”
About DeSo Foundation
DeSo is a new layer one blockchain built from the ground up to decentralize social media and scale storage-heavy applications to billions of users. 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 currency of the DeSo blockchain, is listed on Coinbase.
Check out the entire roadmap and claim your username here.
Consult
Ash Ghaemi, Head of Growth Marketing at DeSo Foundation
This content is sponsored and should be considered promotional material. Opinions and statements expressed here are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please note that your investments are at your own risk and any losses you may suffer are your responsibility.
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