Decentralized Social More
| Fully Diluted Valuation | $54.53M |
|---|---|
| 24H Trading Volume | $33,852 |
| 24H Low / High | $4.77 / $ 5.06 |
| Circulating Supply | 10.53 M |
| Total Supply | 10.81 M |
| Max Supply | 10.81 M |
| Categories | SocialFi 4 more |
|---|---|
| Founder | Nader Al-Naji |
| Website | wallet.deso.com Whitepaper 1 more |
| Socials | 3 more |
| Explorer | Deso 1 more |
| Name | Pair | OG Score |
|---|
DeSo: Empowering Decentralized Social Media with Blockchain Innovation
In the ever-evolving landscape of social media, a new player has emerged to challenge the dominance of big-tech companies.
DeSo's Vision and Foundation
DeSo, short for "Decentralized Social," is a layer-1 blockchain designed from the ground up to revolutionize social media by putting power back into the hands of users.
Founder's Vision and Non-Profit Support
Founded in January 2019 by Nader Al-Naji, a former software engineer at Google, DeSo seeks to create an internet that is creator-led, user-owned, and open to developers worldwide. The blockchain is supported by the non-profit DeSo Foundation, boasting a $200 million treasury dedicated to decentralizing social media.
Innovative Crypto-Native Monetization Tools
At its core, DeSo introduces groundbreaking features that go beyond traditional social platforms. The platform supports on-chain profiles, enabling users to control their identity across the entire DeSo ecosystem. This approach ensures censorship-resistant ownership of personal information, content, and social connections.
Empowering Creators with New Monetization Avenues
Creators on DeSo have the opportunity to monetize their passions in ways previously impossible. With innovative crypto-native tools like Social Tokens, Social DAOs, Social NFTs, and Social Tipping, creators can engage with their audience and earn a living doing what they love. The platform encourages a diverse range of money-enabled products, from social NFT experiences to influencer stock markets.
Decentralization as a Core Principle
One of DeSo's standout features is its commitment to decentralization. The blockchain treats social data as a public utility, allowing content to be stored on a decentralized ledger accessible to a growing network of third-party apps. This approach contrasts sharply with the centralized nature of existing social media platforms.
Purpose-Built Blockchain for Social Media Scalability
The DeSo blockchain is purpose-built, focusing on scalability for storage-heavy applications, a critical aspect for decentralized social media. Its highly-scalable storage capabilities, achieved at a fraction of the cost compared to other smart contract infrastructures, make it a unique player in the blockchain space.
Specialized Blockchain for Unparalleled Scalability
Notably, DeSo is not a general-purpose blockchain. Instead, it concentrates on a narrow set of social-oriented features implemented directly on bare metal. This specialization allows for unparalleled scalability, with the cost of on-chain storage as low as 1 DeSo per gigabyte.
Foundation's Investment and Developer Fund
In October 2021, the DeSo Foundation announced the Octane Fund, a $50 million developer fund to support the growth of the DeSo ecosystem. With over 1.5 million wallets and a growing library of hundreds of apps, DeSo has garnered support from major investors, including Sequoia, Andreessen Horowitz, Social Capital, PolyChain, and Pantera, raising over $200 million in backing.
Transition to Proof of Stake and Scaling Vision
As DeSo continues to shape the future of decentralized social media, its commitment to openness, transparency, and user empowerment positions it as a key player in the evolving crypto landscape. The blockchain is set to transition to a Proof of Stake consensus by the end of 2022, promising even higher throughput and efficiency, with the vision of scaling decentralized social applications to one billion users.
DeSo stands out as a decentralized social media platform built on a purpose-built blockchain, offering unparalleled user empowerment. Its innovative features like Social Tokens, NFTs, and on-chain profiles enable creators to monetize content in a censorship-resistant environment.
DeSo was founded in January 2019 by Nader Al-Naji, a former Google software engineer. Nader's vision is to create a decentralized internet that is creator-led, user-owned, and open to developers worldwide, with the project supported by the non-profit DeSo Foundation.
DeSo has garnered significant support, with major investors including Sequoia, Andreessen Horowitz, Social Capital, PolyChain, and Pantera. These backers have contributed over $200 million to the project, demonstrating strong confidence in its mission.
DeSo is set to transition to a Proof of Stake consensus by the end of 2022. This shift is expected to enhance throughput and efficiency, enabling DeSo to scale decentralized social applications to one billion users while adhering to a strictly defined transaction schema.
You can buy Decentralized Social (DESO) on Gate.io, AscendEX (BitMax), CoinEx cryptocurrency exchanges.
