Facebook, Instagram, WhatsApp (META)News

Meta’s New Move: Building a Decentralized Social Network

As per recent reports, Meta is said to be working on a revolutionary new platform that could rival Elon Musk’s Twitter. According to a recent story, the team at Meta is exploring the creation of an independent and decentralized social network.

There have been rumors that Meta is working on a text-based content platform that will integrate with ActivityPub, the autonomous social networking platform that powers Mastodon as well as other applications that compete with Twitter.

A delegate for Meta has said that the firm is considering introducing a social network that is autonomous and decentralized, with the purpose of facilitating the exchange of text updates. The spokesperson also said that there is a possibility for a separate place in which celebrities and other prominent people might provide up-to-date information on their areas of interest.

Ideating Instagram’s decentralized app

The decentralized program, insiders say, would retain the Instagram name and let users log in using their Instagram credentials. Although it has been established that the program with the codename “P92” is still in development, it is unclear at this time what level that development is in.

Features such as “tappable links in posts with thumbnails (like Twitter), user profiles, usernames, and verification badges” suggest that the app might be useful. It was also intended from the beginning that users would be able to send each other photos and videos from inside the app. It is unclear whether the first release of the app will include commenting and messaging features in addition to the like and follow functions. Nonetheless, everyone will eventually be included.

📰 Also read:  Chainlink Price Hits 3-Year High Amid Record Futures Open Interest

The team is thinking about implementing a reshare feature, much like Twitter’s, but exclusively for business and creator accounts, as reported by a reliable insider. According to the same source, a rights manager will be built-in from the get-go for original material but is unlikely to be included for content hosted on servers and applications other than the ones being used.

App-specific privacy supplement

Moreover, the app will be made accessible per the company’s existing privacy policy. The app’s “supplemental privacy policy” and terms of service will be made accessible separately.

This new information has undoubtedly sparked speculation since it directly competes with Twitter. During December, for instance, when Elon Musk temporarily forbade Twitter users from advertising their Mastodon accounts, there was a surge in interest in alternatives to Twitter. For these and other reasons, Twitter co-founder Jack Dorsey has been vocal about the need for a decentralized version of the service.

📰 Also read:  Fame and Failure: 6 Celebrity-Endorsed Crypto Projects That Went Wrong in 2024

When exactly the software will be released to the public or what stages it is presently in is still unknown.


Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at [email protected] if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. CreditInsightHubs is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.

📰 Also read:  How to Buy Bitcoin in the UK Using Revolut - A Comprehensive Guide

Curtis Dye

Curtis is a cryptocurrency news and analytics author with a focus on DeFi, BLockchain, CeFi, NFTs etc. He has publication skills such as SEO optimization, Wordpress, Surfer tools and aids his viewers with insights on the volatile crypto industry.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Skip to content