takeaway

• Elon Musk published a poll asking whether he should step down as chief executive due to backlash from a recent policy change that rival social networks couldn’t post to Twitter.
• People immediately started asking for decentralized alternatives as a solution to the current centralized social media platforms.
• The DeSo Blockchaina custom layer 1 designed for scalability of decentralized social applications for millions of users, recently surpassed 2 million accounts and 130,000 MAUs

This comes at a time when data points suggest Elon Musk’s Twitter revamp is moving in the right direction, with Twitter usage reaching a tipping point. its highest point.

Still, with the uncertainty surrounding Twitter, some are wondering if they should look to other social networks where they can own their content, data, and social graphs.

founder without bank Ryan Sean Adams he tweeted: “Ohhh so Elon’s plan for free speech on the internet was to have us all migrate from Twitter to the web3 social platforms that actually support free speech.”

Founder and CEO of Messari ryan selkis called Decentralized Social its “top investment theme for 2023.”

Web3 social platforms are growing in popularity, including DeSoa new Layer 1 blockchain that raised $200 million from Sequoia, Andreessen Horowitz, and Coinbase Ventures.
DeSo recently surpassed 2 million accounts and 130,000 MAUs, according to social block explorer OpenProsper.

One of the most popular apps on DeSo is Diamond, a censorship-resistant, blockchain-based alternative to Twitter. It has a wider range of native money features that allow people to optimize income.

Most did not believe that a blockchain-based version of Twitter was possible due to limited storage capabilities and the cost of transactions.

“Existing blockchains cannot store content efficiently,” he says Nader Al Naji, the founder of DeSo. “It costs about $50 to store a 200-character Tweet in Ethereal and about fifteen cents to store it at Solana, Avalanche or Polygon. By contrast, DeSo is a ten-thousandth of a cent, making it the first blockchain capable of disrupting storage-heavy applications such as social media, blogs, and even marketplaces,” he says.

Diamond attracts founders, builders, creators, and casual social media users. Additionally, it has blogging functionality and several native money features that creators can use to build, scale, and monetize their audience.

Users can learn more about DeSo and claim their decentralized, censorship-resistant profile at deso.com.

About Deso
DeSo is a new layer 1 blockchain built from the ground up to decentralize social media. Users can claim their decentralized, censorship-resistant social profile on deso.com.

Contact

Ash Ghaemi
DeSo Foundation
ash@deso.org