#DeSo blockchain

[crypto195]

DeSo Crypto Revolutionize Social Media with Blockchain Power

DeSo Crypto Challenges Centralized Social Media Giants In today's world, social media is dominated by a few powerful corporations that control what we see, how we interact, and even how creators earn. Enter DeSo (short for Decentralized Social), a groundbreaking blockchain built specifically to change this landscape by empowering users and creators through decentralization. Unlike traditional social media platforms like Instagram, Twitter, or TikTok, which are owned by private companies, DeSo offers a new way of managing social networks, putting creators and users in control of their data, content, and earnings. This shift from centralization to decentralization holds the potential to transform the way we interact online, opening the doors for developers, creators, and users to collaborate freely, without restrictions from big tech companies.

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How NFT’s and AI tools complement Web3 Social Media

Introduction

NFT’s and AI complement web3 social media. For example NFT’s can be used for access to exclusive content, voting rights, raising money to fund projects, the ability to create and own digital art, and trade with other users for collectibles, ticketing etc. When you combine this with social media and AI, it is even more powerful. With AI tools for creating images and blogging for example, almost anyone can be more productive and creative. So far the AI is mostly being used for text content and images, but will soon we will be able to use it for videos, sound and music as well. People are experimenting with new types of creative expression, and value based social interactions which were not possible before. I will give you some examples of “nextgen” social platforms that I have been using and evaluating.

Platforms

Deso/Diamond app, NFTz etc.

Here is a high level summary of the Deso platform. Onboarding is pretty easy, and you don’t require a special invitation. You will need a tiny bit of Deso for gas, but it will go a long way. You can buy a few dollars worth with fiat currency, and that will be more than enough to get going. You can always earn more. Deso is the least expensive platform that I have seen. Compute and storage is very cheap (see summary above). There are lots of different dapps and new ones appearing all the time. They all integrate and share the same social feeds, identity and social graph (followers etc). So for example you can have a discussion about a particular NFT on NFTz, where you can mint, display and sell NFT’s. The NFT can also have a social feed with likes, microtips and comments. The social feed will show up in other Deso dapps. You don’t have to login again to other Deso dapps since they share the identity.

There are also ways of monetizing popularity or influence with creator coins. So, you can invest in creators who you think have a lot of potential, or buy your own coins to push up the price. This social platform is more mature than most of the other ones, and most of the important elements are in place like NFTz market that also does streaming music NFT’s, streaming music and video apps, online video (like a decentralized zoom), blogging platforms, group conversations etc.

The deso blockchain has a lot of features planned, and is moving to “proof of stake” consensus in the new year. According to the stats, Deso has the most adoption for Web3 social media which makes sense since they are the oldest and they don’t limit users with required invitations.

Polygon/Lens, Opensea etc.

Most people are familiar with the polygon sidechain, if you have used Defi for example. It uses the Ethereum EVM, and Matic tokens for gas. This is the platform on which Aave has chosen to build Lens. You will need an invitation, and the Metamask wallet to onboard. Your identity will be minted as an NFT. The UI is pretty nice and reminds me of tumblr. The various dapps are compose-able with one another and share social feeds, identity and social graph. There is a rudimentary NFT platform called Lensport, but you will have to use Opensea to mint your NFT’s. You can also monetize posts by selling the content as NFT’s. There is an interesting dapp on the Gallerydao which makes it easy to create NFT’s with some Dall-E AI themes and then allows you to mint them directly. There is a good aggregator of music NFT’s called Ooh La La, which will also work with many other EVM platforms. There is also a youtube like video platform, and various other dapps for mobile and desktop. They all share common feeds. Lens has some good integration partners on polygon, and I have heard some talk of them moving to the new polygon ZKEVM platform for further scalability.

Solana/Solcial, Magic Eden etc

Solcial came out recently, and is already gaining a good following. The UI is very nice, and it is pretty easy to use, especially if you are familiar with Solana. The chain is fast, inexpensive and there is a lot of development going on. The social feeds are pretty straight forward. You can chose who to follow, you can vote posts up and down, it shows you popular posts etc. You also get to monetize contributions with a creator coin, and tier 2 access level . Each user can create and sell premium content, which can be blog posts or free NFT’s for example. The profile section will allow you to mint NFT’s directly to the blockchain, and they will show up on Magic Eden NFT market. But you have to get permission from Magic Eden to list them for sale. There are many improvements planned for the new year. There aren’t many integrated dapps yet, but I expect them to partner up with other solana dapps and developers, like NFT markets, gaming etc.

Near/Near.social, Paras etc.

The Near chain is pretty fast and inexpensive. It also has a sister EVM chain called Aurora. There are 2 social dapps on native Near. One is called Myriad and the other is near.social. Near users will find them both pretty easy to use. The second one is newer, and I have been spending more time with that one. You can mint NFT’s on Paras, and they will show up on the Near blockchain and near.social. The social feed is similar to the one on solcial, but not as extensive yet. There isn’t a lot of content yet, but I expect it come as more people find out about it.

Web2/Twitter/Mask

Twitter has been losing a lot of users since Musk took over, but I won’t get into the politics of censorship and the like. Suffice it to say that they still have a lot of users, and its a pretty good platform despite all the complaints. They may be able to resolve the current problems and turn it around. In the mean time Mask.io has various “nextgen” features like Web3 wallet support, NFT support, encrypted direct messages, Mask profile/ID, fundraising, token swapping, decentralized file storage, fiat on-ramp, decentralized governance etc.

Web2/Post.news

A very easy to use and well designed twitter replacement, but it does have a waitlist and requires an invitation. It does have tipping for content. But it is centralized, and there doesn’t seem to be a lot of info available about how it works on the back-end, governance, and plans for the future, like web3 support etc. So, it works well for people fleeing twitter, but I don’t know enough about the long term.

Web2/Meta/Instagram

Facebook (Meta) and Instagram have the same owners. They have started introducing NFT’s on Instagram in some regions and are slowly rolling it out. Facebook has been working on its metaverse platform, and I assume that it will incorporate blockchain and NFT’s in some way. In the mean time, they still have a lot of users, but many of them are looking at moving away from centralized control, lack of privacy etc. I won’t get into the controversial topics here.

Tools

app.yup.io - combines feeds form various sources (Farcaster, Lens, Mirror blogs)

Conclusion

NFT’s are a new way of monetizing culture. Here is an example of my Rockstarz collection on Opensea. Here is a similar collection of mine on NFTz. It contains a series of images of famous musicians which I created with an AI tool called Stable Diffusion: https://opensea.io/account?tab=created My intention was not to make money per se, but to see what could be done with some of the new AI tools, NFT markets and social media. The various new technologies are converging and will be more powerful than the sum of the parts when they seamlessly work together. We are already starting to see 3D virtual art galleries which add another new dimension.

But for now, the various platforms are only compo-sable within the same blockchain, so those barriers need to be broken down. We are going to have to see co-operation between the different Web3 platforms for truly mainstream adoption. It will also have to get less complicated to use. For example you shouldn’t have to know or worry about what an EVM (Ethereum Virtual machine) compatible chain is. This should be abstracted for the user and be simple and straight forward to onboard and use. As an analogy, when you switch from one automobile brand to another, you don’t have to know what kind of engine it is. Most people just to get into the car and drive. When it breaks down, they take it to a mechanic (technical support). Most of the tech support for now is done by the community discord forums, which is still web2 based.

There are probably too many social media alternatives right now. Between Web2 and Web3, they can’t all survive. They will be too fragmented unless they can all connect to each other. That won’t happen in the web2 world since there are proprietary interests involved. Web3 has a different business model which is community based. For now, each platform offers its own set of features, strengths, and weaknesses. Users will have to evaluate their needs and preferences and decide which platform is best for them in the short to medium term. Its hard to know now how things will play out in the long run.

In the mean time, the space is evolving very fast, and I am already getting some good value from using the dapps. I am gaining experience with AI tools and applying them to practical social situations like creating images and blogging. The content will only improve as more users join in, and the features will also improve as we attract more quality developers, and when we see more dapps that can span multiple chains, and work together.

Personally I prefer organic growth rather than hype and promotion but that is what attracts the users and the funding. From my testing and kicking the tires, I have no doubt that Web3 will be a quantum leap forward from what we have now in Web2. Its already happening. Start off with post.news , and then get your feet wet with Deso. Go down the rabbit hole. You won’t look back.

"The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn." ~ Alvin Toffler

Short Summary

NFT's are a new way to monetize culture. Platforms like Twitter and Facebook have slowly been introducing NFT's, but many users are searching for alternatives in decentralized and censorship-resistant networks. Web3 alternatives like Deso and Post.news offer NFT's and other features, but the space is fragmented and still in development. To truly maximize the potential of NFT's and Web3, platforms will have to cooperate, and work together. and support information flow.

[coineagle]

Decentralized Social (DESO) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

In this article, we aim to provide a comprehensive price prediction for Decentralized Social (DESO) from 2025 to 2030.

Our purpose is to equip you with insights that could help guide your investment decisions in the coming years.

We will base our predictions on an analysis of key technical indicators and the overall market dynamics surrounding DESO. This will allow us to offer an informed and unbiased forecast for this emerging cryptocurrency.

Decentralized Social (DESO) Long-Term Price Prediction

Year Lowest Price Average Price Highest Price 2025 $100 $200 $300 2026 $190 $320 $440 2027 $180 $300 $410 2028 $170 $285 $390 2029 $280 $400 $510 2030 $360 $480 $600

Decentralized Social Price Prediction 2025

In 2025, the global regulatory environment for cryptocurrencies continues to improve. This draws increased investments into the crypto market and drives up the price of DESO.

The value of DESO could reach as high as $300 with an average price of $200. This optimistic prediction is also based on the projected growth of the tech sector and easing inflation rates, which could increase the utility and value of cryptocurrencies like DESO.

Decentralized Social Price Prediction 2026

In 2026, the trend from the previous year continues. Increased regulatory compliance and the continuous growth of the tech sector contribute to an optimistic price point of $440 for DESO, with an average price of $320.

Decentralized Social Price Prediction 2027

However, by 2027, the market undergoes a correction. DESO’s price point experiences a slight dip, placing its highest at $410 and its average at $300.

Still, it manages to remain relatively stable thanks to its robust fundamentals and steady investor trust.

Decentralized Social Price Prediction 2028

In 2028, the market correction phase continues. DESO’s price drops slightly more, but the currency maintains its resilience, with the highest price projected at $390 and an average of $285.

Decentralized Social Price Prediction 2029

By 2029, the crypto market, including DESO, returns to a high growth phase. With the anticipated technological advancements and increasing adoption of cryptocurrencies, DESO’s price rebounds strongly.

The highest predicted price for this year would be around $510, with an average price hovering around $400.

Decentralized Social Price Prediction 2030

In the final year of projection, 2030, DESO reaches new heights as it benefits from more significant tech advancements, adoption, and a favorable regulatory atmosphere.

With these cumulative effects, DESO’s price could achieve a peak price of $600 and an average price of $480, marking significant growth since its inception.

Decentralized Social (DESO) Fundamental Analysis

Project Name Decentralized Social Symbol DESO Current Price $ 17.0 Price Change (24h) -0.22% Market Cap $ 150.7 M Volume (24h) $ 844,605 Current Supply 8,884,536

Decentralized Social (DESO) is currently trading at $ 17.0 and has a market capitalization of $ 150.7 M.

Over the last 24 hours, the price of Decentralized Social has changed by -0.22%, positioning it 273 in the ranking among all cryptocurrencies with a daily volume of $ 844,605.

Unique Technological Innovations of Decentralized Social

Decentralized Social presents several unique technological innovations that set it apart from its competitors.

Its core advantage stems from its decentralized nature, offering a platform where users can maintain control over their data rather than relinquish it to a central authority. This fundamentally addresses concerns about data privacy and security, which are critical in the current market environment.

In addition, decentralization allows for non-censorship and genuine user control, two elements that are increasingly demanded by social media users worldwide.

The platform’s utilization of blockchain technology ensures transparency and improves trust among its users.

Moreover, Decentralized Social has integrated cryptocurrency transactions into the platform, enabling users to reward each other for valuable content contributions, thus promoting content creation and engagement.

Strategic Partnerships and Collaborations

Decentralized Social has established strategic partnerships that enhance its ecosystem and wider adoption in the industry.

These partnerships involve collaborations with blockchain and technology companies, socially-oriented enterprises, and other digital platforms that align with its vision.

Through these collaborations, Decentralized Social can leverage its partners’ technology and market reach, enhancing its functionality and expanding its user base.

Strategies to Sustain Competitive Advantage in the Cryptocurrency Market

Decentralized Social employs several strategies to achieve a sustainable competitive advantage in the fast-paced and ever-evolving cryptocurrency market. These strategies primarily revolve around constant adaptation to new technologies and market trends.

For instance, by continually integrating next-generation blockchain technologies, the platform ensures that it remains at the cutting edge of the sector.

Moreover, Decentralized Social is committed to compliance and actively works to adapt to potential shifts in the regulatory landscape.

The platform is also dedicated to user-centered design and continuously improves its features based on user feedback and preferences.

Community Engagement Endeavors

Decentralized Social places a significant emphasis on community engagement, recognizing that an active and engaged user base is crucial for the platform’s success and widespread adoption.

Online forums, social media platforms, and live chat features within the platform itself are some of the primary platforms where the Decentralized Social community is most active.

Initiatives such as challenges, competitions, and incentives for the contribution of quality content foster growth and engagement among the community members.

By providing a platform that offers true value to its users and engaging them in an authentic and rewarding way, Decentralized Social ensures its overall success and further adoption.

Decentralized Social (DESO) Technical Analysis

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Technical Analysis is a method that uses historical data, primarily price and volume, to predict future price movements.

In the context of Decentralized Social price predictions, technical analysis is crucial in understanding the trends and potential reversals, examining the strength of the cryptocurrency’s price movements, and assessing the overall market sentiment.

Moving Average: It smoothens the price of DESO over a certain period of time, helping to remove noise and identify the underlying trend. A rising moving average indicates that DESO is in an uptrend, while a falling moving average indicates that DESO is in a downtrend.

Relative Strength Index (RSI): It is a momentum oscillator that measures the speed and change of price movements of DESO. An RSI above 70 typically means DESO is overbought and could be set for a price correction or period of consolidation, while an RSI below 30 indicates that DESO could be oversold and due for a price bounce.

Volume: It measures the number of DESO coins traded within a certain period. A spike in volume often precedes price changes and is a good indicator of the strength of a price movement.

Decentralized Social Price Predictions FAQs

What is Decentralized Social?

Decentralized Social, also known as DESO, is a blockchain-based social network platform that empowers users to have control over their data, monetizes content through its native cryptocurrency, and offers high-level security and privacy for its users.

Is Decentralized Social a good investment?

Investing in DESO can be a good investment based on one’s understanding of the project, belief in its long-term growth, and their own risk tolerance.

A fundamental and technical analysis, such as understanding the market trends and examining the price and volume of DESO, will give investors valuable insights before investing.

How does the future look for Decentralized Social?

The future of Decentralized Social largely depends on its adoption as a platform, the team’s development progress, and broader market sentiment towards cryptocurrencies. If these factors remain positive, DESO could have a bright future ahead.

What factors influence the price of Decentralized Social?

The price of Decentralized Social is influenced by a wide range of factors, including supply and demand dynamics, overall market sentiment, technological advancements, regulatory news, and macroeconomic trends.

What is CoinEagle.com?

CoinEagle.com is an independent crypto media platform and your official source of crypto knowledge. Our motto, “soaring above traditional finance,” encapsulates our mission to promote the adoption of crypto assets and blockchain technology.

Symbolized by the eagle in our brand, CoinEagle.com represents vision, strength, and the ability to rise above challenges. Just as an eagle soars high and has a keen eye on the landscape below, we provide a broad and insightful perspective on the crypto world.

We strive to elevate the conversation around cryptocurrency, offering a comprehensive view that goes beyond the headlines.

Recognized not only as one of the best crypto news websites in the world, but also as a community that creates tools and strategies to help you master digital finance, CoinEagle.com is committed to providing you with the necessary knowledge to win in crypto.

Disclaimer: The Decentralized Social price predictions in this article are speculative and intended solely for informational purposes. They do not constitute financial advice. Cryptocurrency markets are highly volatile and can be unpredictable. Investors should perform their own research and consult with a financial advisor before making any investment decisions. CoinEagle.com and its authors are not responsible for any financial losses that may result from following the information provided.

[youroriginaltimemachinestudent]

BitClout 2.0 Announced as Next Stock Market for People

Los Angeles, USA, April 26th, 2023, Chainwire Today, an exciting announcement was made on decentralized social app Diamond that Bitclout 2.0, the highly-anticipated follow-up to 2021's viral sensation that took the crypto world by storm, has been revealed by the infamous @diamondhands. Bitclout 2.0 aims to build upon the success of the original by introducing several new products and features, effectively turning reputation into an asset class on par with what NFTs are today. BitClout 2.0 is expected to launch with a sophisticated airdrop after the DeSo blockchain's transition to its new Revolution Proof of Stake consensus mechanism is complete. The white paper for BitClout 2.0 can be accessed at bitclout2.deso.com, and the password can be obtained by sending a DM to @bitclout on any DeSo app like Diamond or DeSo Chat Protocol. Bootstrapping A Stock Market for People One of the most groundbreaking new products BitClout 2.0 introduces is Creator Coins V2, a reimagined version of the original trading product that sparked thousands of celebrities and influencers to join the platform. Creator Coins are a new type of asset class introduced by BitClout 1.0 that are tied to the reputation of an individual rather than to a company or commodity, and Creator Coins allow creators, celebrities, influencers, and everyday users to monetize their work in ways never before possible in web2. Since Creator Coins track the reputation of an individual, if Elon Musk successfully lands the first person on Mars or alternatively go bankrupt, it will affect the price of his Creator Coin. Creator Coins V2 are fully backward compatible with V1, allowing users to transfer over seamlessly, and will be tradeable on DeSo DEX, the world's fastest on-chain order-book exchange (showcased by Openfund). Trading activity on BitClout 2.0 will be incentivized with a new $BITCLOUT token, allowing people to accrue fees through Creator Coin V2 trading activity. Bitclout 2.0 will reward early adopters through a sophisticated and viral airdrop scheme that takes inspiration from both BitClout 1.0 and from NFT marketplace Blur. BitClout 2.0’s airdrop mechanics will not only drive trading liquidity but also "content liquidity" by compensating the most active creators on the platform. Creators who post regularly and engage the community will also earn $BITCLOUT tokens through airdrops, adding an innovative new incentive structure for creators never seen on other platforms. People interested in participating in the $BITCLOUT airdrop can start familiarizing themselves with DeSo apps like Diamond, Openfund, Desofy, or DeSocialWorld, and many more listed on deso.com, before the launch. BitClout 2.0 will be built on the Decentralized Social Blockchain. According to the BitClout 2.0 white paper, "DeSo is the only blockchain that can support the storage and indexing requirements needed for a decentralized social platform like BitClout 2.0." This is thanks to DeSo’s vastly-superior content storage costs, which make it finally feasible for apps to extend beyond DeFi to storage-intensive social applications, and much more.

The History of BitClout In March of 2021, a mysterious password-protected link began to go viral. The link allowed users to access a new app called BitClout, created by the pseudonymous founder known as @diamondhands. What started as just a white paper and an associated demo quickly evolved into an addictive worldwide phenomenon, thanks to BitClout's introduction of a novel new concept known as Creator Coins. BitClout and its concept of Creator Coins were initially so viral and engaging that the early prototype alone attracted organic signups from hundreds of influencers and celebrities.  It also spawned numerous articles about its burgeoning "stock market for people," including a long-form piece in the New Yorker. The Next Great Decentralized Social Application  With the launch of Bitclout 2.0, the true power and capabilities of the DeSo Blockchain will be on full display for the world to see. Already one of the fastest and cheapest layer-1 blockchains on the market, DeSo’s move to Proof of Stake is likely to cement DeSo’s status as the industry leader for developers wanting to build storage-intensive infinite-state applications. Once completed, DeSo will inch closer to its final form, "The Sovereign Internet" featuring a "Decentralized Web," enabling developers to deploy censorship-resistant storage-intensive applications at scale from anywhere in the world. Bitclout 2.0 will likely be the first example of what can be built on DeSo post-Proof of Stake, but it won't be the last.  Currently, other proposals are circulating, including Bitfair, the first crypto-native sports betting app, and Pseudo, the first decentralized identity marketplace.  Learn more about the DeSo roadmap and what's next here. About Deso 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. It raised $200 million and is backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winklevoss Capital, Pantera, and other blue chip funds. Contact Arash Ghaemi ash@deso.org Read the full article

[cryptoguys657]

Coinbase-Backed DeSo Unveils MegaSwap, a Stripe for Crypto product, with Over $5M in Volume

[PRESS RELEASE – Los Angeles, United States, 7th February 2023] DeSo is excited to announce the launch of MegaSwap – a revolutionary, cross-chain smart service that enables users to securely and easily swap coins between different blockchains with a frictionless zero-login. MegaSwap solves various critical pain points, including onboarding new users and liquidity to any web3 application across…

[cryptosecrets]

Coinbase-Backed DeSo Unveils MegaSwap, a Stripe for Crypto product, with Over $5M in Volume

[PRESS RELEASE – Los Angeles, United States, 7th February 2023] DeSo is excited to announce the launch of MegaSwap – a revolutionary, cross-chain smart service that enables users to securely and easily swap coins between different blockchains with a frictionless zero-login. MegaSwap solves various critical pain points, including onboarding new users and liquidity to any web3 application across…

[cryptoking009]

Coinbase-Backed DeSo Unveils MegaSwap, a Stripe for Crypto product, with Over $5M in Volume

[PRESS RELEASE – Los Angeles, United States, 7th February 2023] DeSo is excited to announce the launch of MegaSwap – a revolutionary, cross-chain smart service that enables users to securely and easily swap coins between different blockchains with a frictionless zero-login. MegaSwap solves various critical pain points, including onboarding new users and liquidity to any web3 application across…

[gamekai]

Coinbase-Backed DeSo Unveils MegaSwap, a Stripe for Crypto product, with Over $5M in Volume

[PRESS RELEASE – Los Angeles, United States, 7th February 2023] DeSo is excited to announce the launch of MegaSwap – a revolutionary, cross-chain smart service that enables users to securely and easily swap coins between different blockchains with a frictionless zero-login. MegaSwap solves various critical pain points, including onboarding new users and liquidity to any web3 application across…

[mubashirnews]

Coinbase-Backed DeSo Unveils MegaSwap, a Stripe for Crypto product, with Over $5M in Volume

[PRESS RELEASE – Los Angeles, United States, 7th February 2023] DeSo is excited to announce the launch of MegaSwap – a revolutionary, cross-chain smart service that enables users to securely and easily swap coins between different blockchains with a frictionless zero-login. MegaSwap solves various critical pain points, including onboarding new users and liquidity to any web3 application across…

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Coinbase-Backed DeSo Unveils MegaSwap, a Stripe for Crypto product, with Over $5M in Volume

[PRESS RELEASE – Los Angeles, United States, 7th February 2023] DeSo is excited to announce the launch of MegaSwap – a revolutionary, cross-chain smart service that enables users to securely and easily swap coins between different blockchains with a frictionless zero-login. MegaSwap solves various critical pain points, including onboarding new users and liquidity to any web3 application across…

[ethnomad]

Ensuing Crusader's

theethnomad.nftz.me

Ensuing Crusader's is a unique non generative 1:1 PFP NFT collection featuring 100 B&W illustrations taking you on a journey into the future. This collection is exclusively minting on the DeSo Blockchain, a layer 1 blockchain built for the purpose of decentralising social networks at scale.

Ways I reward my Holders: Staking rewards paid out weekly 🔥

Top Holders receive free commissions 👀

Holders receive exclusive access to my new music 🎶

Coming Soon! Poster's, Accessories, & Clothing 👑

[wolfyxcrypto]

Happy 1 Year Anniversary Wolf Pack we are now officially launched! 🐺🚀

Just in the NFT I just released moments ago Floor Price is now up 86X #crypto #nft #deso #daodao #web3 #wolfyxcrypto #blockchain

[bitcofun]

[NEWS RELEASE Los Angeles, CA, 3rd October 2022] Takeaways: Jack Dorsey and Elon Musk's Messages require a decentralized social networks blockchain: DeSo might be the response. Sam Bankman-Fried, Founder of FTX crypto exchange, likewise had a discussion about purchasing Twitter or developing a blockchain-based social media network The DeSo Foundation simply launched its roadmap to decentralize social networks The DeSo Foundation reveals the release of their enthusiastic roadmap to decentralize social networks and develop The Social Layer of Web3. Milestones on the roadmap will be performed over the next 2 quarters to resolve the significant issue with social networks today." Most individuals do not understand that social networks is more central than the monetary system was when Bitcoin was created. Just a handful of business presently manage what we see and do online. We can fix this issue by decentralizing social networks and saving all material on a blockchain." stated Nader Al-Naji, the creator of DeSo. The roadmap release comes as brand-new messages emerge in between Elon Musk and Jack Dorsey, revealing his concept for a blockchain-based social networks procedure that does payments and brief text. The 2 billionaire business owners went over how Twitter would be much better off as an open-source procedure moneyed by a structure rather of a business. Dorsey revealed remorse over making Twitter a business calling it an "initial sin." The structure's function in an open-source blockchain-based social media network would be to fund and advance its advancement. Elon Musk called it a "incredibly fascinating concept" and used to assist. When Dorsey stopped working in his effort to get Musk on the Twitter board, he ultimately left the business. Additionally, there was a discussion in between Elon Musk and Sam Bankman-Fried, creator of FTX, about making a blockchain Twitter or purchasing Twitter outright. However, this might not be needed thinking about the DeSo structures roadmap and the apps emerging from its community. DeSo launched the very first turning point on their roadmap with their MetaMask combination, which went live recently. It permits countless Ethereum users to visit to DeSo with one click. They likewise prepare to include more cross-chain interaction bridges in between environments, consisting of Solanas Phantom wallet. Other possible combinations consist of Cardano and NEAR. A relocation from Proof-of-Work to "Infinite Proof-of-Stake" is likewise in the works. Like Ethereum's switch to Proof-of-Stake, DeSo Proof-of-Stake will decrease intake and end up being more energy effective. A hackathon at a significant Ivy League Institution where trainees can contend to develop the next excellent decentralized social media is likewise in the works. The above is anticipated to be finished by Q4, together with a crucial COO hire to assist scale organization and marketing operations. Many professionals anticipate decentralized social networks to be the next substantial market chance, which leading crypto research study companies have actually examined. DeSo ranked initially in Messari's 7 other crypto patterns analysis due to the total addressable market. In the next years, social networks is anticipated to draw in 6 billion users and deserve trillions. A blockchain-based social media network would extremely interest the 50 million developers in today's economy who are constantly searching for brand-new platforms; the developer economy is presently valued at $100 billion. DeSo has numerous social networks apps emerging from its environment that appeal straight to the developer economy, consisting of a blockchain-based Twitter app where individuals can generate income from with diamonds. About Deso Foundation DeSo is a brand-new layer-1 blockchain developed from the ground up to decentralize social networks 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 noted on Coinbase. SPECIAL OFFER (Sponsored) Binance Free $100(Exclusive): Use this link to sign up and get $100 complimentary and 10% off costs on Binance Futures very first month( terms). PrimeXBT Special Offer: Use this link to sign up & & get in POTATO50 code to get approximately $7,000 on your deposits. Read More

[cryptosnewss]

Decentralized Social Names Former Meta Exec as COO

Decentralized Social Names Former Meta Exec as COO

[PRESS RELEASE – Los Angeles, California, 22nd November 2022] Salil Shah joins DeSo from senior roles at Meta and Pinterest, most recently heading global marketing for Meta Fintech Key points to remember Former Meta and Pinterest executive Salil Shah has joined DeSo, a blockchain platform that raised $200 million from Sequoia, Andreessen Horowitz, CAA and Coinbase. The announcement comes as DeSo…