Article Summary, Automatically Generated By AI
About Decentralized Social
Key Points
- DeSo is a layer-1 blockchain built to decentralize social media for billions of users.
- Empowers creators to monetize their content with crypto-native tools like Social Tokens, Social DAOs, and Social NFTs.
- Developers can build in a gasless, permissionless, and transparent environment.
- Supports storage-heavy or infinite-state applications, enabling new web3 apps.
- Founded by Nader Al-Naji in 2019, with a $200 million treasury behind the DeSo Foundation.
- Unique features include social tokens, tipping, and NFTs, enabling creators to monetize content.
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Embracing the Future of Social Interactions: Decentralized Social
Introducing DeSo: The Pioneering Blockchain for Decentralized Social Networking
DeSo is a pioneering layer-1 blockchain, meticulously crafted from the ground up to democratize social media on a massive scale, catering to billions of users worldwide.
We envision an internet that is creator-driven, community-owned, and open, where millions of developers worldwide can collaboratively build upon each other’s innovations.
In today’s digital landscape, a mere handful of tech giants wield significant control over the vast majority of online information we consume.
DeSo empowers users to reclaim ownership, liberating them from platform domination. With DeSo, your digital identity, profile, content, and social connections are yours to control, shielded from censorship and external interference.
With unprecedented liberty, creators can now capitalize on their craft in ways previously unimaginable.
With the advent of innovative, crypto-native monetization tools, such as Social Tokens, Social DAOs, Social NFTs, and Social Tipping, among others, creators are empowered to capitalize on their passions and earn a living doing what they love.
In a revolutionary paradigm, developers can create within a realm that is gasless, permissionless, and transparent, where all components are openly accessible and on-chain, thereby fostering unparalleled accessibility and composability.
DeSo is designed to empower storage-intensive or infinite-state applications, unlocking a vast realm of novel, non-financial web3 applications that were previously unimaginable.
We can now envision, craft, and immerse ourselves in the next epoch of web3 social experiences.
Similarly, just as Bitcoin and Ethereum have democratized finance, DeSo is now empowering a decentralized social landscape.
We envision a revolutionary paradigm where users, creators, and developers take center stage, unshackled from the dominance of corporate interests, ultimately yielding a better world for all.
It’s time to shatter the shackles and unleash your true potential.
Delve deeper into the innovative vision that drives DeSo.
Explore our premier applications:
Embracing the Era of Decentralization: Revolutionizing Social Media and Fundraising Platforms
A Decentralized Twitter, where freedom of expression knows no bounds.
A Decentralized Fundraising ecosystem, where opportunities abound.
A Decentralized Social Network, where connections are limitless.
A Decentralized LinkedIn, where professionals thrive.
A Decentralized Medium, where ideas flow freely.
A Decentralized Instagram, where creativity shines.
A Decentralized TikTok, where entertainment meets innovation.
A Decentralized OpenSea, where digital artistry comes alive.
The Visionaries Behind DeSo: Meet the Founders
DeSo was established in January 2019 by Nader Al-Naji, a visionary entrepreneur. Following his graduation from Princeton University, Al-Naji honed his skills as a software engineer at the esteemed D. E. Shaw Group and later at Google, where he contributed to the development of Google Search and Google Ads. Prior to founding DeSo, Al-Naji successfully raised over $133 million to launch Basis, an innovative algorithmic stablecoin, in 2017.
The DeSo blockchain is backed by the non-profit DeSo Foundation, which is driven by a broad mission to decentralize social media. Currently, Al-Naji serves as the chairman of the board of the DeSo Foundation, bolstered by a substantial $200 million treasury dedicated to advancing its vision.
In October 2021, the DeSo Foundation unveiled a substantial $50 million developer fund, aptly dubbed the [Octane Fund].
Unveiling the Unparalleled DeSo: A Revolutionary Force in the Blockchain Realm
The DeSo blockchain facilitates a multifaceted social experience, encompassing traditional features such as profile creation and posting, as well as innovative, blockchain-intrinsic functionalities, including social tokens (creator coins), tipping, and non-fungible tokens (NFTs).
These features unlock a vast array of innovative, money-enabled products, spanning social NFT experiences to influencer-driven stock markets. By leveraging these features, creators can more effectively capitalize on their content and foster deeper connections with their followers on DeSo-powered applications.
By conceptualizing social data as a public utility, DeSo liberates creators from the constraints of a few centralized platforms. All content on DeSo is securely stored on a decentralized ledger, rendering it instantly accessible to a vast and expanding ecosystem of independent third-party applications, analogous to DeFi applications on the Ethereum blockchain.
DeSo’s most significant advantage stems from its specialized design, diverging from the conventional general-purpose blockchain model. By focusing on a specific set of social-oriented features, DeSo is able to optimize its performance by leveraging custom-built indexes, which every node constructs during the consensus process when synchronizing with its peers.
This enables the DeSo blockchain to achieve unparalleled scalability in storage capabilities, surpassing those of general-purpose blockchains. Notably, the cost of 1 GB of on-chain storage on DeSo is remarkably low, at just 1 DeSo, whereas even the most advanced smart contract infrastructures require a substantial investment of over $1,000,000 to achieve the same. Furthermore, DeSo has announced its plans to transition to a Proof of Stake consensus mechanism by the end of 2022, which is expected to facilitate a throughput of hundreds of thousands of transactions per second, thanks to its strictly defined transaction schema.