Web3 Social App Diamond launches and quickly crosses 130,000 monthly active users

Takeaway:

• A web3 social app called Diamond has launched on DeSoa blockchain platform that raised 200 million dollars from Coinbase, Sequoia and Andreessen Horowitz
• DeSo is the only blockchain that allows all content, posts and social graph data to be stored on chain, enabling openness and transparency in social media
• Apps built on DeSo, where blockchain technology enables more openness, transparency and monetization opportunities for creators, experience hyper growth in the wake of the turbulence on Twitter

LOS ANGELES, 21 November 2022 /PRNewswire/ — Diamond, a decentralized Twitter alternativerecently launched on DeSo blockchain. Creators are excited to post on Diamond because all their posts and social graphs are stored on-chain and thus portable to all other apps built on the DeSo blockchain, giving creators and their followers much more control and ownership.

Users have been posting about alternatives as the Twitter turmoil continues. Blockchain technology offers a compelling alternative to the walled garden approach. Putting content and social graphs on the chain rather than on private servers ensures that a single centralized app like Twitter would not have as much control over public discourse.

Most people did not believe that a blockchain-based version of Twitter was possible due to limited storage capabilities and the cost of transactions.

“Existing blockchains cannot store content efficiently,” says Nader Al-Najithe founder of DeSo. “It costs approx $50 to save a 200-character Tweet on Ethereum and about fifteen cents to save 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.” he says.

Diamond appeals to founders, developers, creators and casual users of social media. Additionally, it has blogging functionality and several monetized features that creators can use to build, scale and monetize their audience.

Blogging on Diamond is permissionless and decentralized. All content is stored on chain and 100% open source.

In addition, Diamond’s integration of the DeSo wallet enables onboarding Ethereum and regular users. “The DeSo wallet supports both a one-click Google login and a one-click MetaMask login,” says Al-Naji. “It’s not our goal to be tied to a single chain. We just want to let people connect regardless of what ecosystem they’re a part of. DeSo is the unified social layer for the entire web3,” he says.

Diamond and DeSo leveraging web3 technology to enable a more direct relationship between creators and users. “Diamond and other apps on DeSo offer a compelling solution. On Diamond, creators can build their social graph on the blockchain, so they’re not locked into a single app. It’s also great for consumers as they’ll be able to choose from multiple apps to find the moderation guidelines that agree with them,” says Salil ShahCOO of DeSo.

You can learn more and claim your profile at Diamondapp.com.

SOURCE DeSo Foundation