USDC is set to integrate with Soa new blockchain for decentralised social media, to pave the way for DeSo to become a cross-chain social layer for all Web3.
Reportedly, this integration gives DeSo, a new layer one blockchain created for decentralised social media and scale storage-heavy applications, a bridge to millions of Ethereum users and dApps. On the other hand, these users and dApps will have one-click access to end-to-end encrypted onchain messaging and a full twitter-like feature set.
The integration has been backed by many within the blockchain community, including Coinbase, Andreessen Horowitz, Sequoia, and others. Through this partnership, the two have paved the way for millions of exciting MetaMask and Ethereum users to onboard onto decentralised social media with their USDC assets. Users will enjoy gasless end-to-end encrypted onchain messages, gas-less profile creation, gas-less following of others, gas-less profile creation, a fully decentralised on-chain graph, and more.
In addition, the created financial bridge from Ethereum to DeSo will allow developers to develop Web3 social apps for the first time.
Commenting on the bridge, Nader Al-Naji, the founder of DeSo, explained:
“Existing blockchains cannot store content efficiently. It costs about $50 to store a 200-character Tweet on Ethereum and about fifteen cents to store it on Solana, Avalanche, or Polygon. In contrast, DeSo is one ten-thousandth of a cent, making it the first blockchain capable of disrupting storage-heavy applications like social. He added: “DeSo is the first and only blockchain that allows developers to build social apps where you can’t even tell you’re on a blockchain. That means, for the first time, we have a shot at finally expanding web3 from disrupting finance to disrupting the trillion-dollar social media industry.”
While DeSo currently only supports USDC through Ethereum, the blockchain plans to intergrate with other stablecoins ecosystems in the coming days.
Al-Naji further stated:
“It’s not our goal to be tied to a single chain. DeSo is a cross-chain solution that allows people to connect with each other no matter what ecosystem they’re a part of. DeSo is the unified social layer for all of web3.”
The integration comes after successful funding rounds that raised $200 million from Coinbase, Sequoia, and Andreessen Horowitz. DeSo was also listed on Coinbase earlier this year. The platform also announced an integration with MetaMask last week, saw a significant price surge, and many new social apps built into its blockchain.
Compiled by Metacrunch. Metacrunch is a news complier and aggregator platform which aims to spread awareness and updates on Metaverse, Web 3.0 Technology, Blockchain, Cryptocurrency, NFTs, Airdrops and many more.
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