Hey everyone, I wanted to share a few updates on the launch of Focus:
1. I wanted to share the first full walkthrough of the Focus app on testnet so you can get a sense of all the consumer crypto use-cases that Focus will be pioneering. See the video attached and linked below. I
After over two years of all-consuming research and development, I'm excited to finally publicly reveal what I've been working on.
It's called DeSo, short for "decentralized social," and I believe it can fundamentally change social media for the better.
Today, I'm excited to share our launch plan and a complete walkthrough of the Focus platform for the first time ever.
Focus has been in development for over a year, and it's our most significant product launch since BitClout in 2021. Personally, I've never been this excited for
A few people have been asking me about DeSo's tokenomics so I figured I'd share a comprehensive post on it. We're in the process of upgrading all of our docs, but in the meantime: If anyone asks you about DeSo's tokenomics, just send them this post.
1. There is no equity, just
I am pleased to announce that I will be giving a talk on the path to decentralizing social media
@MessariCrypto
’s
#Mainnet2022
!
Join me and other industry leaders at Pier 36 in New York, September 21-23rd for 3 days (24 hours) of content.
Today I'm excited to announce a new platform called (DAO,DAO)
Starting a DAO should be as easy as creating an Instagram account
Investing should be as easy as sending an email
DAOs should be social
Governance should be on-chain
Welcome to
(D,D) 🧵
@jack
@desoprotocol
@k3tan0
@VitalikButerin
Hey
@jack
, creator of DeSo here. We're actually a layer-1 designed for social w/ 1.5M accts! I think we have the same goal of creating a healthier dialogue online. Would love to connect.
PS: We had dinner when you visited Princeton years ago, and I worked at Block briefly too :D
Today I'm excited to announce that our next app will be called "Focus," and that Phase 1 of our launch is officially scheduled for Jan 11 at 11:11am Eastern Time.
You can sign up for updates and all info on the upcoming airdrop on . More details will be
Looks like our MetaMask integration is really bringing people in! On-chain bot-filtered DAUs on DeSo are UP.
Only a 5x to hit OpenSea's on-chain ~25k DAU (not filtered for bots though).
Check out our latest roadmap below or on !
Every competing social network today is like faster+cheaper cars-- DeSo is like Tesla.
Others are building "Twitter with different people on it."
But DeSo is the only one focused on innovating on the *business model* behind social media to truly re-imagine the creator economy.
Not every day you get to bust out a bestie
@Jason
- He did do an amazing job moderating our table though <3
All-in summit is off to a great start! Today was black tie but tomorrow will be sporting my DeSo cap :)
I am officially confirming that the next major SocialFi consumer app from the
@desoprotocol
team will have a fully permissionless airdrop, open to anyone in the world.
It will be a new viral mechanic that we've been working on for over a year now.
Details coming soon.
DESO is up ~20% and we haven't even launched/announced:
* DAO coins (future of fundraising)
* Smart services (future of inter-chain programmability+interoperability)
* $10M in Investments (future of web3)
* NFTs v2
* Messages v2
* +Listings
* Split
* PoS
... Q1
73 million people are about to get access to the DeSo blockchain for the first time: .
DeSo will scale crypto beyond finance to a new trillion-dollar category: Social Media
Seeing is believing. Try or browse
Tomorrow, 73+ million people will gain access to $DESO for the first time.
Tomorrow, the DeSo blockchain is listing on
@coinbase
and will officially be open for trading.
DeSo Foundation has ~6+ years of USD runway at current burn, not even counting BTC treasury, which is much more than our cash (and full self-custody)
Not our first rodeo, and we know how to weather a storm. We're prepared to keep building through an ice age
This too shall pass
I'm back.
Crypto is my home, DeSo is my life's work, and I will never stop fighting for freedom and decentralization for as long as I live.
Stay strong, stand up for what you believe in, and don't ever forget why we're here.
Watch my public statement below.
Nothing like has ever been launched. A SocialFi app that supports:
1. Full subscription functionality. Pay with any crypto {ETH, BTC, USDC, SOL, DESO and more}
2. The Feed Marketplace. A marketplace that leverages subscriptions to give anybody the
Pretty excited for tomorrow. DeSo's first hard fork since Coinbase is triggering, and it's going to bring a lot of new functionality for devs to build killer apps on. 🧵
Today, I'm excited to announce DeSo's biggest roadmap update ever, highlighting two upcoming launches that are *years* in the making.
Most important, it introduces Revolution Proof of Stake, our biggest step toward a Sovereign Internet to-date.
Enjoy!
In 1776, our Founding Fathers declared their independence from centralized forces and started a revolution... Today I'm thrilled to announce that DeSo's Revolution Proof of Stake will launch the week of July 4th! The first app to be built on Revolution will be our next
Jack and Elon talk about DeSo and how important it is without even knowing about DeSo (yet)
"An open-source protocol, funded by a foundation ... that doesn't own the protocol, only advances it."
Until today, there was only one way to run a social network: One company controlling everything. Now there's a new model: Thousands of independent devs building on the DeSo blockchain.
The Octane Fund dedicates $50M to devs building on DeSo. Apply today!
A lot of people asking me why cryptos like Bitcoin go down very quickly after breaking a level like $20k.
Thought I’d give a layman’s explanation of “leverage” and “liquidations” since I don’t see one from others I follow.
1/
Let’s discuss what decentralizing Twitter would REALLY look like.
As the creator of a blockchain called “Decentralized Social,” listed on Coinbase w/ Sequoia+a16z+chamath hodling, I’ve thought about this problem for years.
And now I’m excited to share my findings with you. 🧵
DeSo is on track to ship BOTH our state-of-the-art Proof of Stake upgrade, AND our next breakthrough app in early 2024.
Our next app combines everything we've learned about crypto social, introducing new primitives only now possible thanks to vastly improved on-chain
If you make a profile on today, you have a web3 identity that's on-chain, portable, and truly yours.
And the best part: It's free because the devs cover the gas costs!
DeSo’s MetaMask login for mobile *finally* shipped yesterday evening with 100% of the kinks ironed out (desktop has been working and has driven significant growth).
Now you can send on-chain end-to-end encrypted dms fully pseudonymously… ON MOBILE!
We’re coming for you Signal!
So... looks like LinkedIn just banned my account. Overnight, I lost a following I've spent literally decades building.
In doing this, however, they've unknowingly made a stronger case for the need for DeSo than I ever could.
The irony is rich.
Not your keys not your content.
Putting
@elonmusk
in charge of Twitter is like putting Warren Buffett in charge of money.
The answer is not to crown a new King, it's to use technology to overhaul the system.
Bitcoin decentralized money, DeSo will decentralize social media.
DeSo is a better Solana than Solana. Seriously, hear me out... my argument is extremely simple.
DeSo does everything Solana can do, only it has:
1. Orders-of-magnitude cheaper content storage. 1/10,000th of a cent to store a Tweet on DeSo vs $1 on Solana. They want you to
Whereas FTX was trying to kill DeFi and centralize crypto into their control,
@coinbase
and
@brian_armstrong
have the vision to *thrive* on decentralization and build their business around it.
This is the difference between a true believer and a tourist.
1/ 🔵 We’re excited to announce
@BuildOnBase
.
Base is an Ethereum L2 that offers a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized apps.
Our goal with Base is to make onchain the next online and onboard 1B+ users into the cryptoeconomy.
The great thing about having a mission you really believe in is that you're not fazed when the market crashes.
Decentralizing social media is as important as it's ever been, and we're going to keep working as hard as we ever have to make it happen.
Prediction: Focus, our next SocialFi app that's launching soon, will reach 10M *real* daily active users by Q4 of 2024, making the DeSo blockchain the
#1
blockchain in terms of real usage. Definitively bigger than Ethereum and possibly bigger even than Bitcoin.
Focus and DeSo
Join me tonight to discuss the future of web3, and deep questions such as:
1) What parts of web3 will be on on-chain vs off-chain, and why?
2) How important is trustlessness in web3 development?
3) How will social content decentralize in web3?
When DeSo is a huge success, it will look like the greatest comeback of all time.
But everyone who supported us will know that we never, even for a second, lost sight of our vision and how important it is.
When you believe in your mission, the ups and downs don't matter.
Thankful for the DeSo community and all the amazing people I’ve met through it, first on BitClout and now on and others.
I’ve learned so much from everyone, and it’s only the beginning.
Let’s light it up together in 2022 🔥🔥🔥
Today, storing a 200 character tweet on the solana blockchain costs over $1, and over $100 on ethereum. We're not even talking images or video, just text.
How can we decentralize social media if it costs $1 just to make a simple text post?
The DeSo blockchain's core
Published my first blog post in a few years. Would really appreciate any feedback!
A concrete illustration of how social layer-1s like DeSo will scale.
Hoping to write a lot more now that DeSo supports long-form content natively.
One of the biggest indicators of whether something in crypto is going to become the "next platform" is how a team performs in a bear market.
During the bear market, the DeSo team shipped:
* New block explorer ()
* New wallet ()
*
Working through NYE. Most of The DeSo team is too. The excitement for everything that’s coming is electric. Passion, hard work and consistent execution— that’s what it’s all about.
Just an hour ago, a Revolution officially began. The DeSo blockchain transitioned successfully from Proof of Work to our state-of-the-art Proof of Stake, with virtually no issues!
This upgrade has been *years* in the making, and it makes DeSo the first blockchain capable of
A few people have been asking me so I wanted to state publicly.
1. Yes the rumors are true: We're working on a new consumer app that we're really excited about that should launch in Q1. It's got some new mechanics, which we've been perfecting for months, that we think can
Today, DESO had a completely organic new exchange listing from none other than . As we get closer to the launch of , our next breakthrough app, it's clear more and more people are starting to pay attention.
DeSo is still 1/120th the market cap of Solana, and 1/650th the market cap of ETH.
What's going to happen when we rival them in utility? What's going to happen when we pass them? Who else is launching apps capable of reaching 10m daily active users right now?
The fireworks are
Check out to learn more, and let me know what you think.
My life is dedicated to this mission, so I'd love to share thoughts with anyone who is as excited about decentralizing social media as I am.
If Twitter's content were on-chain, you wouldn't have to spend $40 billion to "acquire" its network.
The network would be immediately accessible to any dev to build the next generation of social on, no cold-start problem.
That's a big drop in barrier-to-entry...
Aaand $FOCUS just broke $50M raised! The excitement is building. The best part is every purchaser is set up to be an active user of the platform when we launch.
A lot of eyes on DeSo now, and our focus is as strong as it’s always been.
We’ve been working to create a decentralized alternative to social media for years now.
We have the best tech, the best community, and a strong roadmap on
And we’ll never stop.
Just activated
@desoprotocol
on Twitter. Follow to stay up to date on all things DeSo. Hope you're ready :)
And in case you haven't heard, there's a cooler social network out there now. One where you can invest in others, and where your "Tweets" are NFTs:
Today, it feels like DeSo is roughly where Solana was around Dec 2020 (~70M mkt cap)
For Solana, the catalyst was increasing gas fees on ETH
But what will the catalyst for DeSo be? 🧵
I think DeSo will show the world that a social network can be engaging without feeding off of controversy, disaster, and hate. That's my hope anyway.
Surprisingly, I think the 100x improvement will come from tightly-integrating financial incentives with content in novel ways.
Elon buying Twitter would have been an amazing thing for the world.
As sad as it is that the deal is off, it paves the way for alternative solutions like
@desoprotocol
to dominate in the coming months.
The problems of traditional social media will be solved one way or another.
Of all the people in the world,
@elonmusk
is one of the few with the courage to abandon the ads-driven business model and embrace the blockchain business model.
Before, DeSo had to win by “beating” Twitter. Now, there’s a new path: Integrating with it.
Let’s go!
Big news for DeSo: Our Revolution Proof of Stake upgrade is going into testnet on 5/1, with a preliminary mainnet hard fork date of 5/22. In addition, we have some updates on staking DESO with Focus…
Upgrade your testnet nodes by 5/1. If you’re running a node on testnet
What if we could have full transparency into how social media companies make decisions? We could solve problems collaboratively
That's why we're proud to announce State of Decentralized Social: The first DeSo status report
Feedback welcome
#DeSoFeedback
Since I started working on DeSo in early 2019, I've been obsessed with how content moderation can be scaled beyond a single centrally-planned company.
After years of iteration, we re-imagine a feature that's close to everyone's hearts: verification 🧵
Hey fam, I'm feeling the holiday cheer and giving away some Desomon NFTs for Christmas!
Comment with your username from and a lucky three will get some raries like this adorable little cube guy, who btw cost me $500 in DESO...
I know I say this all the time, but it bears repeating: With DeSo, I and my team are in it for the long haul. I've been working on DeSo since 2019, and I plan to continue working on DeSo till 2029 and beyond.
The last product we launched, BitClout, was a true labor of love, as
First
@elonmusk
calls for the decentralization of social, and the open-sourcing of feed algorithms.
Now
@jack
is publicly supporting the decentralization of social identity and discovery.
This is the inflection point for DeSo
@desoprotocol
. Why?🧵
the days of usenet, irc, the web...even email (w PGP)...were amazing. centralizing discovery and identity into corporations really damaged the internet.
I realize I'm partially to blame, and regret it.
Most people in crypto ride waves, but we aim to *make* them.
Check out our *deep* update on everything we've got planned with DeSo in 2023.
What are you most excited about?
.
@jack
thank you for the mention!
Agree the decentralization of social is NOT zero-sum. We’d love to discuss how deso can integrate with
@at_protocol
, and create a better world together.
One where people own their voice the same way they own their Bitcoin :)
Will reach out!
Today, I'm excited to announce that
@SalilShah415
is joining DeSo from Meta, where he was a Senior Director and member of the Fintech exec leadership team.
He and I will be working as partners to grow DeSo moving forward. 🧵
Personally, I'm sick and tired of ponzi schemes masquerading as utility in crypto. This is why so many people hate crypto. This is a letter to all crypto founders who actually care about building real things 🧵
Lazy pre-rich founders in crypto think of launching products with
I had a lot of fun on CNBC today. A lot to improve on, but it still feels incredible to be out there talking about our vision as myself.
2.5+ years into this project and it feels like day one all over again.
This is only the beginning.
A lot of people are talking about "institutions" getting into Bitcoin because of the ETF, but few understand the PHYSICS that drives this reallocation. I worked at a hedge fund, and I'm writing this post to help you understand how most institutions ACTUALLY allocate capital, and
“General-purpose blockchains are awesome at DeFi, but prohibitively expensive for decentralized social media” -
@nadertheory
Click here to read an in depth explanation on why this is the case and how DeSo solves it on
@CoinDesk
:
Over time, algorithms that utilize the money graph will outcompete those that don’t.
@APompliano
, you might find it interesting that DeSo apps like use coin price as a heuristic to sort comments and it’s *shockingly good*.
Hey
@paraga
- I’m sure you have a lot going on as new Twitter CEO but what is it going to take to get you all to address the non-stop spam on every tweet?
I block hundreds of these accounts a week & it never stops.
Check comments for example👇🏼 so frustrating & product unusable.
A year ago, every DeSo conversation I'd have would start with "Wait.. why does social need to be on-chain? What's the point?"
Now, every conversation starts with "OK, obviously social on-chain is good..." then goes into questions about DeSo.
The tides are turning.
Everyone wants to build a super-app. But what we need is a super-*ecosystem*.
The world will not get better with one company centrally-planning things a little bit better.
The world will get better when anyone can compete permissionlessly from anywhere in the world.
BREAKING: I found the code for the Twitter algorithm, and I'm open-sourcing it below.
def banForNoReason():
if weFeelLikeIt() == True:
print(“see ya later”)
return youreNotWelcomeHere()
else:
return controversialToxicity()
After over a decade in crypto, today I made my first purchase with crypto EVER using
It’s amazing what devs are building on DeSo, and incredible how the DeSo wallet enables a seamless one click checkout with virtually zero fees.
What should I buy next?
Hot take: If we hit a recession and investment capital gets tight, entrepreneurs will become more open to trying new vehicles to raise money, causing an acceleration of DAO adoption.
It's really crazy how quickly the reservations for Focus are coming in. About to break $15M now. Has any crypto project done this well in the recent past? Seriously, I can't think of anything and I watch the space very closely.
It's especially crazy given that everyone who
I'm thrilled to announce that the DeSo testnet Proof of Stake hard fork was a major success! You can see the current validators on our new testnet Validator Hub below (coming to mainnet shortly):
*
All of our testing has been smooth so far and it's
Today I'm proud to announce that the NEW DeSo wallet has launched.
The first wallet EVER that can manage your on-chain SOCIAL GRAPH, not just your MONEY.
Why is this a quantum leap for crypto wallet security and UX? Let's talk about it... 🧵