In today’s digital age, social media has become an integral part of our lives. However, the centralized control of social media by a few private entities has raised concerns about privacy and freedom of expression. That’s where DeSo Foundation comes in. DeSo is a layer-1 blockchain, like Bitcoin or Ethereum, that aims to decentralize social media in the same way that Bitcoin and Ethereum are decentralizing the financial system. In this startup showcase, we will dive into the benefits of DeSo’s blockchain technology and how it can revolutionize the social media industry.
A Layer-1 Blockchain for Storage-Heavy Apps
DeSo is a layer-1 blockchain designed to power storage-heavy applications, such as social media apps and marketplaces. Unlike other smart contract chains like Ethereum, which can cost up to $80 to store a simple tweet, DeSo makes it possible to store content at a fraction of the cost. This cost-effectiveness is due to DeSo’s innovative design, which allows for high-throughput, low-latency storage and retrieval of large amounts of data. This makes it possible for breakthrough apps like Diamond, DAODAO, Pearl, OpenProsper, NFTz, and Entre to exist exclusively on DeSo.
Decentralizing Social Media with Blockchain Technology
DeSo’s blockchain technology offers a decentralized alternative to the centralized control of social media by a few private entities. With DeSo, users have more control over their data and can directly monetize their content. This is because DeSo’s blockchain is public and transparent, allowing for trustless interactions and the elimination of intermediaries. Additionally, DeSo’s blockchain technology enables users to create their own social media platforms and marketplaces, thereby increasing competition and innovation in the industry.
Investment Backing from Top Venture Capital Firms
DeSo Foundation has garnered significant investment backing from top venture capital firms like Sequoia, Andreessen Horowitz, Social Capital, and Coinbase Ventures. The company has also gained mainstream recognition with its recent listing on Coinbase and over 1.5 million accounts created. DeSo’s blockchain technology is gaining traction and attention as it offers a solution to the problems of centralization in the social media industry.
Conclusion
DeSo Foundation is a startup with a mission to decentralize social media using blockchain technology. Its innovative design offers a low-cost, high-throughput solution for storage-heavy apps and enables trustless interactions for users. With investment backing from top venture capital firms, DeSo is well-positioned to disrupt the social media industry and offer a decentralized alternative for users. If you’re interested in learning more about DeSo, check out their website and social media channels.
Website: https://deso.com
Twitter: https://twitter.com/desoprotocol
LinkedIn: https://www.linkedin.com/company/desoprotocol/
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