DeSo Issues $1 Million Bounty for Decentralized Reddit Competitor
DeSo, the leading layer-1 blockchain for decentralizing social media, is offering a $1 million reward to visionary founders who can build a decentralized competitor to Reddit using its infinite-state blockchain. This opportunity comes at a time when there is growing dissatisfaction with centralized social media platforms that control content and data.
Key Points:
– Reddit recently faced backlash from its community after limiting API access, leading to subreddit blackouts.
– Elon Musk’s decision to restrict the number of posts Twitter users can read per day also sparked controversy.
– DeSo aims to disrupt social media by creating a user-led, creator-owned decentralized platform.
– Nader Al-Naji, the founder of DeSo, emphasizes the importance of granting users autonomy over their content and social interactions.
– DeSo offers novel monetization features, such as creator coins and NFTs, and ensures censorship resistance through its blockchain.
Calling Ambitious Founders to Build the DeSo Way
DeSo is seeking ambitious founders and builders who want to revolutionize social media. They are prepared to invest up to $1 million in a Reddit competitor built on their platform. Ideal candidates should have technical expertise, a proven track record, and a deep understanding of DeSo’s vision for a decentralized Reddit.
Key Points:
– Candidates must demonstrate strategies for user acquisition and engagement in a crypto-native way.
– Positive user feedback and usage are crucial in the application process.
– Detailed instructions on how to apply can be found on Openfund.com.
About DeSo: Decentralizing Social Media
DeSo is a layer-1 blockchain that aims to decentralize social media, similar to how Bitcoin and Ethereum decentralized finance. It has raised $200 million from top investors and has introduced groundbreaking innovations such as Revolution, a Proof-of-Stake mechanism that improves energy efficiency by 99%. DeSo has also released app proposals, including Openfund 2.0, a decentralized exchange that allows instantaneous and anonymous trades while ensuring user custody of coins.
Hot Take:
DeSo’s $1 million bounty for a decentralized Reddit competitor reflects the growing dissatisfaction with centralized social media platforms. By offering autonomy over content and innovative monetization features, DeSo presents an opportunity for creators and users to take control of their social media experience. This initiative aligns with the broader shift towards decentralized platforms and highlights the potential of blockchain technology in reshaping the digital landscape.
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