A new Web3 social platform called Diamond is set to launch on DeSo, a blockchain that raised $200 million in funding from Coinbase, Sequoia, and Andreessen Horowitz.
Very First Platform to Host Its Content on Decentralized Blockchain
Diamond is a world first to host its content and social graph on a decentralized blockchain (DeSo).
Writing and creating content on the DeSo chain gives writers and creators control over their content, just as they control their Bitcoin.
By doing so, they are free from censorship and can monetize in ways that were previously unimaginable. A post on Diamond, for instance, can earn NFTs, crypto tips, and many more.
In addition, Diamond allows creators to easily launch social tokens so that their followers can invest in their success.
The founder of DeSo, Nader Al-Naji said, “Diamond’s choice to use the DeSo blockchain for hosting all of its content showcases DeSo’s unique strength in content storage. Existing blockchains cannot store content efficiently.”
He added, “It costs about $50 to store a 200-character Tweet on Ethereum, and about fifteen cents to store it on Solana, Avalanche, or Polygon. In contrast, DeSo is one ten-thousandth of a cent, making it the first blockchain capable of disrupting storage-heavy applications like social, blogging, and even marketplaces.”
Enabling to Onboard Ethereum Users and Mainstream Users
Additionally, Diamond’s integration of DeSo wallet enables it to onboard Ethereum and mainstream users.
The Founder said, “The DeSo wallet supports both a one-click Google login and a one-click MetaMask login.”
He explained, “It’s not our goal to be tied to a single chain, or really any chain. We just want to allow people to connect with each other no matter what ecosystem they’re a part of. DeSo is the unified social layer for all of Web3.”