Fun

News Feed - 2023-07-07 02:07:55

Zhiyuan Sun6 hours agoDeSo offers $1M bounty for building decentralized RedditDevelopers pointed out the “monopolization of content and data” in centralized social media platforms as a reason to create a decentralized alternative.974 Total views1 Total sharesListen to article 0:00NewsJoin us on social networksVia a July 6 announcement, decentralized social media protocol DeSo has issued a $1 million bounty for building a competitor to Reddit using its native blockchain. In supporting the decision, developers wrote:“Reddit recently sparked controversy within its community following a decision to limit API access. This move provoked a series of 48-hour subreddit blackouts in protest. This price hike for their API has forced existing third-party developers to shut down as maintaining their applications becomes impossible."


“This controversy and others highlight the ongoing problems with centralized social media platforms," developers said, while also pointing out Elon Musk’s controversial decision to impose reading limits on new and verified accounts on Twitter, citing “extreme levels of data scraping & system manipulation." Nader Al-Naji, founder of DeSo, highlighted a shift where users embrace autonomy over social content, as with owning Bitcoin (BTC) with money:“These protests represent a broader societal shift. They are indicative of a new paradigm in how creators and users interact with social media."


Founded in 2019, DeSo offers monetization features such as creator coins, nonfungible tokens, tokens and tipping. The firm claims to store user identity, profiles, content and social graphs 100% on-chain, and its content cannot be banned or blocked on a protocol level. Recently, the firm released new in-app proposals such as Openfund 2.0, a decentralized exchange platform.


In September 2021, DeSo raised $200 million in funding led by A16z, Coinbase Ventures, Sequoia, Pantera Capital and others, including, perhaps ironically, Reddit co-founder Alexis Ohanian. Currently, over 150 projects are listed on the DeSo community, although their market caps are somewhat small. 


Magazine: Decentralized social media: The next big thing in crypto?# Blockchain# Cryptocurrencies# Decentralization# Social Media# DeFiAdd reactionAdd reactionRelated NewsCan artificial intelligence prevent the next financial crisis?Bitcoin ETFs: Even worse for crypto than central exchangesBuckle up, Reddit: Closed APIs cost more than you’d expectWallet providers introduce BRC-20 token support despite market drawdownCrypto needs better self-custody: This platform is solving itItaly’s central bank calls for framework to prevent stablecoin runs

News Feed

Can These New Crypto Coins Explode After Travala-Trivago Crypto Integration?
Este artículo también está disponible en español. Crypto continues to pave its way into the biggest industries in the world. In a f
Bitcoin miner Bitfarms CEO to depart immediately in response to lawsuit
Turner Wright8 hours agoBitcoin miner Bitfarms CEO to depart immediately in response to lawsuitNicolas Bonta, Bitfarms co-founder and chair, will take over as interim president and CEO after Geoffrey Morphy filed a lawsu
Grayscale Adds $1 Billion to Crypto Products in Q3, Sees ‘Unprecedented Demand’ for Bitcoin Cash
Grayscale Adds $1 Billion to Crypto Products in Q3, Sees "Unprecedented Demand" for Bitcoin Cash Grayscale Investments has announced a record quarterly performan
The metaverse is coming straight to your web browser: Here’s how
Savannah Fortis12 hours agoThe metaverse is coming straight to your web browser: Here’s howLayer-1 blockchain and metaverse protocol Somnia has launched the Metaverse Browser, aiming to make Web3 exploration and custom
Bakkt in Discussions to Offer Cash-Settled Bitcoin Futures in Singapore
Bitcoin futures market Bakkt intends to expand from its current physically-settled offerings to cash-settled futures before 2020. Bakkt COO Adam White announced Tuesday during CoinD
A Tor-Integrated Cashfusion Build for Bitcoin Cash Is Coming
A Tor-Integrated Cashfusion Build for Bitcoin Cash Is Coming On Monday, Electron Cash developer Jonald Fyookball updated the Bitcoin Cash (BCH) community in regards to the Cashfu
Adrian J. Permal9 hours agoHow do DeFi projects generate profit?If you don’t know where the yield is coming from, you are the yield. This week’s episode of Market Talks discusses how DeFi platforms generate a profit
Amazon-backed Anthropic brings Claude AI chatbot to European users
Savannah Fortis13 hours agoAmazon-backed Anthropic brings Claude AI chatbot to European usersAmazon and Google-backed AI startup Anthropic launches its powerful Claude chatbot in Europe, boasting strong language skills a
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate to Start the Weekend
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate to Start the Weekend Following strong gains on Friday, bitcoin was consolidating under a key resistance level to start th
Hip-Hop Star Soulja Boy Examines Crypto, Considers Creating His Own NFT Collectibles
Hip-Hop Star Soulja Boy Examines Crypto, Considers Creating His Own NFT Collectibles On January 19, the American hip-hop star and rapper DeAndre Cortez Way, othe
Argentine Senate Mulls Crypto Advertisement Regulation
Argentine Senate Mulls Crypto Advertisement Regulation The Argentine senate is discussing a preliminary project that would regulate the way in which individuals and organizations p
Lazarus Group laundered over $200M in hacked crypto since 2020
Zoltan Vardai9 hours agoLazarus Group laundered over $200M in hacked crypto since 2020The notorious group of hackers has used a combination of crypto mixers and peer-to-peer marketplaces to launder the stolen funds.1302