DeSo Foundation is a layer-1 blockchain that’s challenging the status quo of centralized social media. With major backing from Sequoia, Andreessen Horowitz, and Coinbase Ventures, DeSo is bringing innovation back to social.
Designed for Storage-Heavy Apps
Unlike other blockchains that can’t handle storage-heavy applications, DeSo was designed with social media in mind. It’s capable of powering breakthrough apps like Diamond, DAODAO, Pearl, OpenProsper, NFTz, and Entre.
Decentralizing Social Media
A handful of private entities control public discourse and earn monopoly profits off of content they didn’t even create. DeSo aims to decentralize social media, breaking the status quo and bringing competition and innovation back to the space.
Challenging the Status Quo of Centralized Social Media
Social media is one of the most centralized industries in the world. DeSo is looking to change that. The layer-1 blockchain has accumulated over 1.5 million accounts and just crossed over $1B in volume transacted on-chain. With a mission to decentralize social media the same way Bitcoin and Ethereum are decentralizing the financial system, DeSo is making waves in the blockchain and social media industries.
Designed for Storage-Heavy Applications
Social media platforms like Twitter, Facebook, and Instagram require significant amounts of storage, which is a challenge for many blockchains. Storing just a 200-character “Tweet” on Ethereum costs ~$80, compared to DeSo’s 1/1,000th of a penny. This makes DeSo a more viable option for storage-heavy applications, like social media and marketplaces.
Decentralizing Social Media
DeSo is tackling the issue of centralized social media. Currently, a handful of private entities control public discourse and earn monopoly profits off of content they didn’t even create. DeSo is decentralizing social media, bringing competition and innovation back to the industry.
The Future of Social Media
DeSo is bringing social media into the future. If it succeeds, it will break the current status quo of centralized social media, allowing for more competition, innovation, and decentralization. With major backing and support, DeSo is poised to revolutionize the social media industry.
In conclusion, DeSo Foundation is making waves in the blockchain industry by offering a solution to the centralization of social media. With major backing from top investors and the ability to handle storage-heavy applications, DeSo is a force to be reckoned with. If successful, it could bring competition and innovation back to social media, just as Bitcoin and Ethereum did for finance.
Website: https://deso.com
Twitter: https://twitter.com/desoprotocol
Facebook: https://www.facebook.com/DeSoProtocol
