October 19, 2022 – Los Angeles, California
Takeaways
- Jack Dorsey-funded initiative Bluesky announced their roadmap for decentralized social networks with AT Protocol.
- AT Protocol is designed to function independently from a single corporation with user data protection built-in and open-source algorithms.
- DeSo, a Coinbase-backed layer one blockchain that raised $200 million, also released its roadmap to decentralize social media.
The roadmap was unveiled as several billionaires rushed to stake their claim on social media. For example, Kanye just purchased the social media platform Parler, and Elon Musk appears to be closing in on his $44 billion deal to purchase Twitter.
Social media today is close to a zero-sum game where only three to five corporations control what we see and do online. Platforms are incentivized to protect their billion-dollar ad-revenue stream at all costs resulting in mass censorship and the erosion of freedom of speech.
Another billionaire controlling social media isn’t the answer, and many believe the solution is decentralization. Jack has previously expressed regret over how things played out with Twitter. However, it appears he’s open to working with other platforms to solve the current problems with social media today. In a recent Tweet, he hinted at a potential future integration with the DeSo blockchain.
In response to questions about decentralizing social media, Jack said,
competition in this space is a good thing, not to anyone’s peril
(Deso can use this protocol too)
— jack (@jack) October 18, 2022
DeSo is a new layer one blockchain custom-built to scale decentralized social media apps to billions of users. They recently unveiled their own roadmap and are riding a recent wave of success that resulted in a price surge, an influx of new users and an all-time high of 1.7 million on-chain wallets.
DeSo believes putting social media on a 100% open-source blockchain will lead to a creator-led and user-owned internet that millions of people can build on top of solving many of the problems that plague social media today.
DeSo founder Nader Al-Naji shares AT Protocol’s vision for a better social media future and expressed interest in working with Jack.
Al-Naji said,
“Agree the decentralization of social is not zero-sum. We’d love to discuss how DeSo can integrate with AT Protocol and create a better world together – one where people own their voice the same way they own their Bitcoin. Will reach out.”
DeSo recently released a groundbreaking MetaMask integration allowing millions of Ethereum users to experience decentralized social media.
A blockchain-based Twitter app also recently launched on DeSo, allowing creators ownership of their content and social graph, similar to how someone can own Bitcoin. DesoDollar, a 1:1 fiat-backed stablecoin disrupting the trillion-dollar VC industry, is also launching this week.
Al-Naji said,
“The beautiful thing about changing the world is that it’s not zero-sum. DeSo can win, and others can win. DeSo will still get plenty of pie, and we can all take pride in making the world a better place.”
About the 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. It raised $200 million and is backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winklevoss Capital, Pantera and others.
DESO, the native currency of the DeSo blockchain, is listed on Coinbase.
Check out the full roadmap and claim your username on the website.
Contact
Ash Ghaemi, growth marketing lead of DeSo Foundation
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein 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 any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.
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