Why You Should Be Interested in DeSo
As the only Layer-1 blockchain capable of powering content-rich social applications, DeSo is in a class of its own.
In fact, DeSo has secured over $200 million in funding from Sequoia, Andreessen Horowitz, Coinbase, CAA, and others. If these companies believe in DeSo, shouldn't you take the time to check it out too?
Even Bankless newsletter with hundreds of thousands of subscribers mentioned Web3 Social decentralized platforms like DeSo as one sector everyone should be keeping an eye out for in this bear market.
The $50 Million Octane Fund
Last year, the DeSo Foundation’s $50 million Octane Fund helped accelerate the growth of the DeSo developer ecosystem. It drew from the $200 million in venture capital the project has received from Andreessen Horowitz, Coinbase Ventures and others.
The DeSo blockchain is currently experiencing explosive user growth due in part to the Octane fund. This growth is directly because of the hundreds of third-party apps on DeSo that the fund helped create. If you're a developer, this is a great place to host your next app.
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Over $20 Million Made
Diamond and Desofy have earned creators over $20 million in their early days off of novel monetization efforts like social tipping, social NFTs, and social tokens.
Meanwhile, tools like OpenProsper, a social block explorer, give unparalleled insight into the ecosystem. And other novel apps like Pearl, a web3 Instagram, NFTz, a decentralized NFT marketplace, and DAODAO, a social Kickstarter-like fundraising tool, are launching and gaining traction. In addition, you can collaborate and make LinkedIn-like connections on Entre and if you speak another language, check out DesocialWorld.
Learn more about DeSo on deso.com.