Blockchain Diamond app launched to bring decentralized social communication to the masses

Blockchain Diamond app launched to bring decentralized social communication to the masses

Share this article

Today, content is hosted on central 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.

Recently, messages emerged between two billionaire entrepreneurs regarding a blockchain-based social media platform. “I have an idea for a blockchain social media platform that does push and SMS/link like Twitter.” Happy Elon Musk in one text exchange. He continued, “The third piece is a Twitter-like app on your phone that accesses the database in the cloud. That could be massive.”

However, Musk may not need to create a decentralized alternative to Twitter thanks to the launch of Diamond, a Web3 social app powered by the DeSo blockchain.

Posts on Diamond can be minted as NFTs

Diamond It is the first ever platform to host its content and social platform on a decentralized blockchain.

By publishing content to the DeSo chain, writers and creators can own and control their own content in the same way that they own and control their bitcoins. This means that they can break free from censorship and gain new ways to monetize that were not possible before.

For example, posts on Diamond can be minted as NFTs, you can earn crypto tips, and much more. Diamond-level content creators can easily unlock social icons that allow their followers to invest in their success. All through an easy setup process like creating an account on a web2 platform like Instagram.

Nader El Nagy, founder of DeSo, said:

“Diamond’s choice to use the DeSo blockchain to host all of its content shows DeSo’s unique power in storing content. The existing blockchain cannot store content efficiently. Storing a 200-character tweet on Ethereum costs about $50, and about fifteen cents to store it on Solana, Avalanche or Polygon.” In contrast, DeSo is one ten thousandth of a cent, making it the first blockchain capable of disrupting storage-heavy applications such as social, blogging, and even marketplaces.”

Additionally, Diamond’s integration with the DeSo wallet makes it possible to include Ethereum users as well as regular users. “DeSo Wallet supports both one-click Google login and one-click MetaMask login. Our goal is not to be limited to one chain, or any chain. We just want to allow people to connect with each other no matter what ecosystem they are part of,” he says. Survivor: “DeSo is the unifying social class of all Web3”.

This is the latest in DeSo’s recent string of successes. The Coinbase-listed platform announced earlier this year its flagship MetaMask integration last week which caused a huge price hike. It is also witnessing a recent increase in the number of users.

The survivor added:

“In a world where not many are satisfied with traditional social media, Diamond and DeSo offer a decentralized solution that can finally rival the giant Web2. DeSo is the first blockchain and the only one that allows developers to create social apps where you can’t even tell you are using the blockchain. That is, for the first time Once, that we have a chance to finally expand Web3 from disrupting funding to disrupting the trillion-dollar social media industry.”

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 backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winkelvoss Capital, Pantera, and others.

$DESO, the original currency of the DeSo blockchain, is listed on Coinbase.

Share this article

#Blockchain #Diamond #app #launched #bring #decentralized #social #communication #masses

Leave a Comment

Your email address will not be published. Required fields are marked *