Days after another debate and calls for a Web3-based social media alternative, EarthDAO, a decentralized organization, is announcing a social network to do just that.
The platform, named social.network, aims to solve the social dilemma by systematically changing the incentives, intentions and internet protocols built on social media.
The new platform is built on the Internet Computer Protocol which gives users a self-custodial, open-source browser wallet similar to MetaMask, but supports Internet computers and the bitcoin network.
“We have spent years crafting a better alternative to Web2 social media because it is actually a very complex social and technical problem. Newer Web3 technologies like Ethereum, Polkadot, Avalanche etc. are largely competing with Web2 social networks. To do this would need to introduce centralization back into the stack. However, the Internet Computer Protocol has the most capability to do this, which is not,” said Prithvi DAO contributor Sukhvir Sanghera.
Development of social networks for Web3
Traditional social media companies have been in the hot seat in recent years for mining users’ data for advertising revenue at the cost of undermining democracy, and destroying the very fabric of society.
Social.network is made up of a network of DAOs that use protocol revenues for social causes such as fighting climate change.
Users on the public network will be able to join a DAO on the network by holding or creating NFTs in their self-custodial wallet, and when NFTs are bought and sold on its Marketplace, a portion of the revenue will go to the DAO that the user wishes to collaborate with. .
There are no central servers, middlemen or custodians, this is a truly decentralized network from the ground up.
“Many of the decentralized social networks that have launched so far are typically VC-powered cash grabbers, ironically those same ones that have created the dilemma. In physics, the initial conditions of a model have a lot to do with the end result. So now that we know about the power of social network technology on the world, we must make sure the initial conditions for Web3 are right. The speed at which AI is developing in these companies is what we really want. Talking about, that is where we end up as a species on Earth,” Sanghera said.
The platform has not raised any VC funding and is preparing for a fair launch to encourage a better future of reality on Earth.
Earth DAO inaugurated on social.network will use revenue beyond protocol development costs to fund climate change research and development.
If you are interested in getting involved in this grassroots initiative, please visit social.network to apply and help spread the word Twitter,
Earth DAO. About this
EarthDAO is a decentralized autonomous organization developed to ensure that Web3 technologies are used to make Earth a better reality, how decentralized financial, social and governance systems are being implemented on the new Internet. It is also known as Web3. ,