- A web3 social application called Diamond launched on DeSoblockchain platform that has raised $200 million by Coinbase, Sequoia and Andreessen Horowitz
- DeSo is the only blockchain that allows all social media content, messages and data to be stored on the network, bringing openness and transparency to social media.
- Applications built on top of DeSo, where blockchain technology provides greater openness, transparency, and monetization opportunities for creators, are experiencing hypergrowth after the twitter turmoil
LOS ANGELES, November 21, 2022 /PRNewswire/ — Diamond, decentralized Alternative to Twitterrecently launched on Blockchain DeSo. Creators are excited about publishing on Diamond because all their posts and social graphs are stored online and thus transferred to any other application built on the DeSo blockchain, giving creators and their subscribers much more control and ownership.
Users have been writing about alternatives as the Twitter riots continue. Blockchain technology offers an attractive alternative to the walled approach. Placing content and social graphs on-chain rather than on private servers ensures that one centralized application like Twitter doesn’t have as much control over public discourse.
Most did not believe that a blockchain-based version of Twitter was possible due to limited storage capacity and transaction costs.
“Existing blockchains cannot efficiently store content,” says Nader Al Najifounder of DeSo. “Worth about $50 to save a 200 character tweet to Ethereum and about fifteen cents to save it to Solana, Avalanche or Polygon. On the contrary, DeSo is one ten-thousandth of a cent, making it the first blockchain capable of disrupting memory-intensive applications such as social media, blogs, and even marketplaces.” He says.
Diamond attracts founders, builders, creators and casual social media users. In addition, it has blogging features and several features that creators can use to build, scale, and monetize their audience.
Blogging on Diamond is permissionless and decentralized. All content is stored online and is 100% open source.
In addition, Diamond’s integration with the DeSo Wallet allows Ethereum and ordinary users. “The DeSo wallet supports both one-click Google login and one-click MetaMask login,” says Al-Naji. “We do not strive to be tied to a single chain. We just want people to be able to connect no matter what ecosystem they are part of. DeSo is a single social layer for the entire web3.,” He says.
diamond and DeSo use web3 technology to provide a more direct relationship between creators and users. “Diamond and other apps on DeSo offer a compelling solution. In Diamond, creators can build their social graph on the blockchain so that they are not tied to a single application. This is also great for consumers as they will be able to choose among multiple apps to find the moderation policy that suits them,” says Salil ShahCOO of DeSo.
You can learn more and verify your profile at diamondapp.com.
SOURCE DeSo Foundation