The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
All Alt Coin

BitClout Founder Nader Al-Naji Unmasks Himself and Unveils Launch of Deso Blockchain

by Miki 09/22/2021
by Miki 09/22/2021 0 comment

Besides the fundamental roles of the DESO token in the network, users will be able to create social tokens which are unique per creator and have a strong attachment to the profiles that list them.

The pseudonymous founder of controversial social media protocol BitClout, Nader Al-Naji has unmasked himself, ending an elongated longing game amongst crypto observers. Popularly known as Diamondhands, Nader has also unveiled the launch of a relatively new blockchain network, dubbed Decentralized Social (DeSo). The DeSo protocol is designed to overhaul the operational structure of social media platforms with the underlying plans to unseat centralized blockchain protocols such as Facebook Inc (NASDAQ: FB), and Twitter Inc (NYSE: TWTR) amongst others.

The advancement in digital technologies was propounded by the advent of social media platforms. In a creative way, these platforms enable content sharing amongst users and permit the gathering of followers and traffic, all of which are often exploited by these social media outfits to generate advertising revenue. The emergence of DeSo is billed to change this model, affording every participant to monetize their content in a sustainable way.

The blockchain network according to Nader is open-sourced and DApps will be able to launch on the platform to leverage its functionalities. BitClout will be hosted on the new blockchain network and the CLOUT tokens will be rebranded as DESO tokens. 

About the DeSo Blockchain and Funding

The DeSo protocol as pointed out earlier is open-sourced and becomes more secure with more smart contracts or sub-projects that are built on it. Besides permitting DApps with their own custom functionalities, the DeSo blockchain can also house Non-Fungible Tokens (NFTs), positioning in the right way to tag along with the current trend in the blockchain world.

The native cryptocurrency of the blockchain “$DESO can be used to create a profile, create a post, buy social tokens, buy NFTs, give ‘diamonds,’ and more,” he said. “So overall, the goal is to drive as much activity on the DeSo blockchain as possible to increase the demand for $DESO the coin.”

Besides the fundamental roles of the DESO token in the network, users will be able to create social tokens which are unique per creator and have a strong attachment to the profiles that list them. A good part of the incentivization plans will revolve around these tokens.

Nader has dabbled on other projects in the past, some of which is the stablecoin outfit, ‘Basis’ whose launch was squashed back in 2018 as a result of a regulatory clampdown. The project attracted as much as $133 million in funding at the time, and Nader and his team had to refund the capital following the project’s failure. With the launch of DeSo, the same investors who back the Basis have come again to put their weight behind the social network platform.

Nader’s DeSo now has as much as $200 million in funding from investors led by Andreessen Horowitz (a16z), Sequoia, Social Capital, TQ Ventures, Coinbase Ventures, Winklevoss Capital, Polychain Capital, Pantera Capital, and Arrington Capital to mention a few. Drawing on the decision of these investors to back his project again, Nader said these big names “care deeply” about fixing the problems that plague traditional centralized social media platforms. 

“I think for most of them, it wasn’t just about making money, but about creating a better platform for public discourse than what we have today,” explained he.

next Altcoin News, Blockchain News, Cryptocurrency news, News

Thank you!

You have successfully joined our subscriber list.

Source link

Views: 1
AlNajiBitCloutblockchainDesofounderLaunchNaderUnmasksUnveils
Share
0
FacebookTwitterPinterestEmail
previous post
$12M in Bitcoin Stolen from pNetwork DeFi Protocol
next post
Gary Gensler Could Prove to be a Bigger Disaster For Crypto Than Jay Clayton, Here’s Why

Related Posts

Are Solana’s bulls really strong enough to halt...

12/29/2021

IXFI Announces Launch of New-Age Exchange Platform

12/29/2021

Litecoin repeating history will have this effect on...

12/28/2021

More than just a game – what GameFi...

12/28/2021

Even as network hits one million users, FTT...

12/28/2021

Fintech Expert Makes Six Bold Predictions for Crypto...

12/28/2021

A recovery rally in play for Sushiswap, as...

12/28/2021

SEC Accused of Deliberately Trying to ‘Kill’ XRP...

12/28/2021

Recent gains may finally boost Aave’s dominance in...

12/28/2021

Santa Floki Price Rallies 5,000% after Elon Musk’s...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Analyst Predicts Key Event to Spot End Of Bull run

  • How Hackers Looted 2600 ETH In Rari’s Cross-Chain Exploit

  • Trend Is Again Shifting From Outflows To Inflows

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$28,895.00-4.04%
  • ethereumEthereum(ETH)$1,950.58-5.14%
  • tetherTether(USDT)$1.000.09%
  • usd-coinUSD Coin(USDC)$1.00-0.06%
  • binancecoinBNB(BNB)$290.94-4.02%
  • rippleXRP(XRP)$0.406689-4.66%
  • Binance USDBinance USD(BUSD)$1.00-0.11%
  • cardanoCardano(ADA)$0.52-9.49%
  • SolanaSolana(SOL)$50.12-8.58%
  • dogecoinDogecoin(DOGE)$0.085138-4.52%
  • polkadotPolkadot(DOT)$9.82-8.93%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,935.00-3.88%
  • AvalancheAvalanche(AVAX)$30.32-8.93%
  • Lido Staked EtherLido Staked Ether(STETH)$1,918.76-5.11%
  • tronTRON(TRX)$0.069918-0.40%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • Shiba InuShiba Inu(SHIB)$0.000012-6.15%
  • daiDai(DAI)$1.000.06%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • litecoinLitecoin(LTC)$67.20-5.97%
  • LADZLADZ(LADZ)$0.0686894.36%
  • CronosCronos(CRO)$0.185187-4.98%
  • leo-tokenLEO Token(LEO)$4.961.09%
  • matic-networkPolygon(MATIC)$0.64-7.98%
  • NEAR ProtocolNEAR Protocol(NEAR)$5.94-10.58%
  • FTX TokenFTX Token(FTT)$30.06-5.50%
  • HederaHedera(HBAR)$0.389473-3.44%
  • RareRare(RARE)$0.0461220.00%
  • bitcoin-cashBitcoin Cash(BCH)$190.30-6.50%
  • chainlinkChainlink(LINK)$6.94-8.22%