Social Media App MeWe will give Frequency Blockchain’s 20 million customers a self-governing id.
MeWe will combine with the Frequency blockchain community, a Polkadot parachain, based on an announcement made at Consensus 2023 on April 26. This quarter, the corporate will start migrating consumer accounts to the brand new community, based on the announcement.
The blockchain firm mentioned that the mixing will let MeWe customers take management of their private information and provides them a approach to management the info they’ve on social networks.
Simply in from #Consensus 2023 – Polkadot parachain @one_frequency has introduced a serious partnership with social networking app @mewe to attach its 20 million customers to Polkadot and the Social Internet, giving every of them a social id and full management over their very own information. pic.twitter.com/O39RNtEhDy
— Polkadot @ Consensus 2023 (@Polkadot) April 26, 2023
MeWe was launched in 2012 and marketed as a “Facebook alternative” with purportedly enhanced privateness protections. In September, Axios reported that the community had greater than 20 million customers. In November of 2022, Polkadot launched Frequency as a parachain.
Social networks generate the so-called social graph to depict the interplay of individuals, objects, and pursuits. This significant info largely stays within the fingers of enormous know-how corporations and is ceaselessly used to focus on ads to specific customers. Think about how Spotify means that you can see what your friends are listening to and recommends music.
The Frequency blockchain creates a “social identity” that customers could make the most of throughout Web3 purposes to hitch the social community. This effort will permeate the net as essential infrastructure. Frequency said app customers personal their identities and privateness settings.
The “social identity” is made by the Frequency blockchain
Frequency, a Polkadot parachain, has its personal guidelines and logic however is appropriate with the primary chain and different parachains. As an alternative of paying per block, parachains lease Polkadot, ceaselessly with group funds. Frequency says this improves scalability and stability. For social media purposes, the Frequency blockchain can handle excessive throughput.
MeWe customers could have the choice to undertake the Frequency blockchain.
The Frequency blockchain advanced from the work of the Decentralized Social Networking Protocol (DSNP), one other know-how that allows purposes to offer Web3 performance to customers.
Undertaking Liberty, a non-profit financed by actual property billionaire Frank McCourt to disrupt social media, supported DSNP.
McCourt International, the funding agency of the billionaire, led a $27 million funding spherical in MeWe in September 2022. Amplica Labs, the first contributor to Frequency and creator of DSNP, is a subsidiary of McCourt International.
Content material Supply: coindesk.com
