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New Blockchain Raises $200 Million for Decentralized Social Media Project
If currency, art, and gaming are becoming decentralized, why not social media? It was a natural progression, and a novel Web3 social platform called Diamond is taking the lead on the new technology.
Diamond is launching on DeSo, a new blockchain that has raised $200 million from Coinbase, Sequoia and Andreessen Horowitz.
Diamond is the first product ever to enable all posts, profiles, social graphs and content to be hosted on a decentralized censorship-resistant blockchain.
Of course, the project would be incomplete without minted NFTs. Posts on the platform can be NFT-ified and earn crypto tips, along with other rewards.
Google to Accept Crypto as Payment for Cloud Services
Google is the latest in a growing list of...
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