- Posts by Jack Dorsey and Elon Musk call for a decentralized social media blockchain: DeSo could be the answer.
- Sam Bankman-Fried, founder of the FTX crypto exchange, also gave a talk about buying Twitter or creating a blockchain-based social network.
- The DeSo Foundation has released its roadmap to decentralize social media.
The DeSo Foundation has announced the release of ambitious roadmaps to decentralize social media and create the Social Layer of Web3.
Milestones in the roadmap will be accomplished in the next 2 quarters to solve the big problem with social media today.
“Most people don’t realize that social media is more centralized than the financial system when Bitcoin was invented. Only a handful of companies currently control what we see and do online. We can solve this problem by decentralizing social media and storing all content.” -DeSo founder Nader Al-Naji
Release of the roadmap, making payments and short text messages between Elon Musk and Jack Dorsey a blockchain-based social media protocol comes with the emergence of new messages showing his opinion.
Additionally, there is a relationship between Elon Musk and FTX founder Sam Bankman-Fried. Blockchain Twitter There was talk about making or buying Twitter outright.
However, this may not be necessary given what’s on DeSo’s roadmap.
DeSo released the first milestone on its roadmaps with the MetaMask integration, which went live last week. It allows millions of Ethereum users to log into DeSo with one click. They also plan to add more cross-chain communication bridges between ecosystems.
Transition from Proof-of-Work to “Infinite Proof-of-Stake” is also in the works. Like Ethereum’s transition to Proof-of-Stake, DeSo Proof-of-Stake will reduce consumption and become more energy efficient.
A hackathon is also running at a major Ivy League Institute, where students can compete to build the next great decentralized social network.
The above is expected to be completed in Q4, with a critical hiring of COOs to help scale business and marketing operations.
DeSo is a new layer-1 blockchain built from the ground up to decentralize social media and scale storage-heavy applications to billions of users. They have raised $200 million and are supported by Sequoia, Andreessen Horowitz, and others.
$DESO, the native currency of the DeSo blockchain, is listed on Coinbase.
Check out the full roadmap and claim your username on deso.com.
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