News

Breaking News: MeWe Social Network Integrates With Polkadot Parachain For Unmatched Performance!

Key Points:

  • MeWe social network with 20M users to integrate with Polkadot parachain.
  • MeWe, a social network with reportedly better privacy protections than Facebook, will integrate with the Frequency blockchain network, a parachain of Polkadot. The move will allow MeWe to make a permanent commitment to data ownership for users.
  • The integration between MeWe and Frequency is based on the Decentralized Social Networking Protocol (DSNP), which is expected to provide a basic framework that app developers can build upon to fix a variety of problems in the future.
During the Consensus 2023 event, it was announced that social network MeWe will be integrating with the Frequency blockchain network, a parachain of Polkadot.

The integration will be based on the Decentralized Social Networking Protocol (DSNP), which was developed by Frank McCourt’s Project Liberty. MeWe’s CEO, Jeffrey Edell, stated that the move will allow MeWe to make a permanent commitment to data ownership for users, which aligns with its mission of providing better privacy protections to its users. MeWe plans to begin moving its users’ accounts to the network this quarter.

MeWe was launched in 2012 and has been praised as a “Facebook alternative” with allegedly better privacy protections. An Axios report in September stated that the network had over 20 million users. On the other hand, frequency launched as a Polkadot parachain in November and was initially developed by Amplica Labs. During the panel, Braxton Woodham, the president of Amplica Labs, emphasized that the partnership between Frequency and MeWe will not immediately solve all social media problems. However, he claimed that it would provide a basic framework that app developers can build upon to fix a variety of problems in the future.

While MeWe’s integration with Frequency is a significant move towards better privacy protections, there is still much work to be done in the world of social media. Social networks involve a lot of different problems, ranging from the user experience to moderation to AI algorithms for curation. It’s virtually impossible to solve all these problems at once, so MeWe and Frequency are taking an approach to link their digital presence together on the web to create the social web. This sets up the ability to attack the data layer and approach those difficult problems. Overall, the integration between MeWe and Frequency is an exciting development highlighting the growing importance of blockchain technology in social media.

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

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

4 Emerging Cryptos Poised for Success in 2024

The crypto scene is constantly evolving, and certain currencies show significant promise for the upcoming…

25 mins ago

5 Altcoins Under $1 That Can Make Millionaires This Crypto BullRun

While some altcoins like PEPE, XRP, ONDO, and PYTH may not show significant short-term growth,…

35 mins ago

Ripple Trading Volume Increases 40% Quarterly Amid Ongoing SEC Lawsuit

Ripple Trading Volume Increases 40% Quarterly Amid Ongoing SEC Lawsuit

5 hours ago

Notcoin First Campaigns Prepared to Launch Next Week

Notcoin first campaigns will be launched next week, offering rewards but cautioning against unstaking.

5 hours ago

LayerZero Sybil Self-report Phase Is Now Ended With Over 800,000 Fraudulent Addresses

LayerZero Labs wraps up LayerZero sybil self-report and identifies 803,093 potential fraudulent addresses.

5 hours ago

Controversial Coinbase Outage Identified As Error Related To The Coinbase Card

The Coinbase outage was attributed to an error in the Coinbase Card reward service, causing…

6 hours ago

This website uses cookies.