Meta’s Decentralized Social App: The Future of Crypto Social Networking!

Key Points:

  • Meta, the social media giant led by Mark Zuckerberg, is reportedly working on a decentralized text-based app.
  • This will make it easier to connect with other instances of Mastodon and other tools that have implemented or are planning to implement ActivityPub support, including Tumblr, Flipboard, and Flickr.
  • Adam Mosseri, the head of Instagram, is reportedly overseeing the project.
Meta, the social media giant led by Mark Zuckerberg, is reportedly working on a decentralized text-based app. The app, codenamed P92, is still under development and will allow users to log in using their Instagram credentials.
Meta Decentralized Social App: The Future of Crypto Social Networking!

While Meta has confirmed the development of the app, it has not disclosed when it plans to release it.

According to a spokesperson for Meta, the app is being designed as a standalone decentralized social network that will allow creators and public figures to share timely updates about their interests. The move is seen as Meta’s attempt to build a Twitter alternative or a Mastodon competitor.

The app is expected to support ActivityPub, a protocol used by decentralized networks like Mastodon. This will make it easier to connect with other instances of Mastodon and other tools that have implemented or are planning to implement ActivityPub support, including Tumblr, Flipboard, and Flickr.

However, the move to use Instagram credentials to log in to the app may irk some users who may not want to share their data with another Meta app. To address early privacy concerns, the company is involving its legal department in the development of the app, according to a report by Platformer.

Meta's Decentralized Social App: The Future of Crypto Social Networking!

Adam Mosseri, the head of Instagram, is reportedly overseeing the project. After seeing their success, Meta has a history of copying formats from other platforms, such as Stories and short videos. With the development of a decentralized text-based app, Meta is looking to explore new avenues in the social media landscape.

Meta’s move towards decentralization is not surprising, given the growing interest in decentralized social media platforms. These platforms offer users greater control over their data and privacy and allow for greater freedom of expression. However, there are also concerns about the potential for these platforms to be used for illegal activities, such as terrorism and child exploitation. It remains to be seen how Meta’s new app will address these concerns and whether it will be successful in attracting users away from other social media platforms.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News

Meta’s Decentralized Social App: The Future of Crypto Social Networking!

Key Points:

  • Meta, the social media giant led by Mark Zuckerberg, is reportedly working on a decentralized text-based app.
  • This will make it easier to connect with other instances of Mastodon and other tools that have implemented or are planning to implement ActivityPub support, including Tumblr, Flipboard, and Flickr.
  • Adam Mosseri, the head of Instagram, is reportedly overseeing the project.
Meta, the social media giant led by Mark Zuckerberg, is reportedly working on a decentralized text-based app. The app, codenamed P92, is still under development and will allow users to log in using their Instagram credentials.
Meta Decentralized Social App: The Future of Crypto Social Networking!

While Meta has confirmed the development of the app, it has not disclosed when it plans to release it.

According to a spokesperson for Meta, the app is being designed as a standalone decentralized social network that will allow creators and public figures to share timely updates about their interests. The move is seen as Meta’s attempt to build a Twitter alternative or a Mastodon competitor.

The app is expected to support ActivityPub, a protocol used by decentralized networks like Mastodon. This will make it easier to connect with other instances of Mastodon and other tools that have implemented or are planning to implement ActivityPub support, including Tumblr, Flipboard, and Flickr.

However, the move to use Instagram credentials to log in to the app may irk some users who may not want to share their data with another Meta app. To address early privacy concerns, the company is involving its legal department in the development of the app, according to a report by Platformer.

Meta's Decentralized Social App: The Future of Crypto Social Networking!

Adam Mosseri, the head of Instagram, is reportedly overseeing the project. After seeing their success, Meta has a history of copying formats from other platforms, such as Stories and short videos. With the development of a decentralized text-based app, Meta is looking to explore new avenues in the social media landscape.

Meta’s move towards decentralization is not surprising, given the growing interest in decentralized social media platforms. These platforms offer users greater control over their data and privacy and allow for greater freedom of expression. However, there are also concerns about the potential for these platforms to be used for illegal activities, such as terrorism and child exploitation. It remains to be seen how Meta’s new app will address these concerns and whether it will be successful in attracting users away from other social media platforms.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News

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