2023-10-05 17:03:25

Blockchain Twitter App Launches To Bring Decentralized Social to the Masses

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The Daily Hodl
By Chain Wire

October 5, 2023 Los Angeles, California

Today, content is hosted on centralized platforms like Twitter, TikTok or Instagram. Many thought leaders like Elon Musk and even Twitter founder Jack Dorsey call for an alternative.

Takeaways

  • A novel Web 3.0 social platform called Diamond is launching on DeSo, a new blockchain that has raised $200 million from Coinbase, Sequoia and Andreessen Horowitz.
  • Diamond is the first product ever to enable all posts, profiles, social graphs and content to be hosted on a decentralized censorship-resistant blockchain.
  • Posts on Diamond can be minted as NFTs, earn crypto tips and other novel features.
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Recently, messages emerged between the two billionaire entrepreneurs regarding a blockchain-based social media platform.

In one text exchange, Elon Musk said,

However, Musk may not need to create a decentralized Twitter alternative thanks to the launch of Diamond, a Web 3.0 social app powered by the DeSo blockchain.

Continue read on dailyhodl.com

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