DSCVR & Decentralized Social Media on TechCrunch
Emerging from critiques of major social media platforms is the concept of decentralized social media (DeSo), emphasizing user content ownership. DSCVR, a blockchain-based network, is a notable player in this space, recently securing $9 million in seed funding. The platform differentiates itself by hosting token-gated communities to support NFT projects. CEO Rick Porter underscores DSCVR's aim to bridge the gap between traditional users and the web3 environment, using its native wallet for a simplified, secure user experience. The web3 realm, while promising, requires constant user engagement due to its limited analytics.
DSCVR has onboarded over 100,000 users, according to Porter, and has generated “millions of dollars” in NFT rewards for those users through the airdrop reward mechanism. What sets it apart from other DeSo platforms, Porter said, is in its goal to build a bridge between Web 2.0 and web3.
Read: The race to build a social media platform on the blockchain on TechCrunch
The race to build a social media platform on the blockchain | TechCrunch
DSCVR, a DeSo platform built on Dfinity’s Internet Computer blockchain, just raised $9 million in seed funding led by Polychain
Anita Ramaswamy