Gemini Raises $400 Million To Build A Metaverse Outside Facebook’s | DESO

[BBBBaf]

While Zuckerberg continues to follow the Winklevii into industry after industry, the brothers earlier this year came full circle by making their first investment directly into a social network, and it seems that’s only the beginning. In September Winklevoss Capital participated in a $200 million investment in the DeSo (short for “decentralized social”) Blockchain.” Founder of social media giant Reddit, Alexis Ohanian, venture firm Andreessen Horowitz and about 44,000 other potential users also bought the token.

In an industry where reach is so directly correlated to value, Facebook, Twitter, LinkedIn, Reddit and most other mainstream social networks have what seems to be an insurmountable lead. For now, they are the epitome of Walled Gardens. DeSo hopes to solve this problem by building a shared infrastructure on which anyone can create a social network of their own. There’s already 150 projects being built on the blockchain, including 8 social networks, and—you guessed it—a metaverse. “It's very easy to identify the problems with the existing networks and social spaces. But there haven’t been many solutions,” says Tyler. “We believe crypto offers that, so we'll continue to look at investing through Gemini Frontier, or maybe even building.”

more information:
https://www.forbes.com/sites/michaeldelcastillo/2021/11/18/gemini-raises-400-million-to-protect-the-metaverse-from-meta-facebook/?sh=1f726be65f57

you can join the deso blockchain follow my instructions Diamondapp.com beginner tutorial

https://vlad-nemoqqq.medium.com/diamondapp-com-beginner-tutorial-get-25-free-earn-2589e36da266

[BBBBaf]

These ~93,827 txns would cost $35,654 on
@solana
. Only $2.10 on DeSo.

@solana
 is ~$0.38 per post, DeSo is $0.0000224.

The numbers don't lie: General-purpose blockchains are ~17,000x less efficient than purpose-built solutions.
https://deso.org/blog/web-3-will-not-be-built-on-smart-contracts

[BBBBaf]

https://www.youtube.com/watch?v=qMFrPLJW2yo&t=4s&ab_channel=DecentralizedSocial

[BBBBaf]

https://www.nytimes.com/2021/12/05/business/dealbook/what-is-web3.html

If you’re reading this you’re early Waving hand

https://twitter.com/desoprotocol

[BBBBaf]

We spent years researching and developing a layer 1 blockchain that is purpose-built to scale decentralized social applications to billions of users.

The future of social is looking bright with DeSo in the picture.


https://twitter.com/desoprotocol/status/1469010948748836868

[SlimShadyMmp]

Social Blockchain with scalability solving I think this is gold if it finally takes off But the problem is simple as those chain grows (solana eth avax) I think techs and other methods to scale will start to represent themselves and lets not forget they are the giants of crypto its going to take lots of work for some one to just sweep them off Like a real piece of work I think

[el kaka22]

Lol this has been one of the most petty fights I have ever seen. Two (well three) kids fighting each other with daddies money and actually becoming huge meanwhile, sure one is winning by a large margin, not even close, and yes all three did amazing for their own, but they were just "daddy money" rich people and will always stay that way. Mark had wealthy parents, and Winklevii known very commonly comes from a wealthy family as well, none of their parents made as much as these three of course, they took it multiple steps further. So, why is it petty?

It is petty because even though they "succeeded" in financial terms, they are kids at heart, I mean they are like what 35-37 range? They should have grown up a little bit more but money allowed them to stay kids, and they are having this weird petty fight against each other which makes no sense at all.

[DapanasFruit]

Look at how money can be empowering people to do the things they have the vision to do. I am sure that Mark Zuckerberg is imagining that he can the main man to go to when it comes to the Metaverse just as he is doing with social media. Good to hear that he is getting a viable competition from the Winklevoss brothers who actually got their seed money also from the business of social media. But am just wondering: Are these the people whom we should be conferring the leadership in these very important industries?

[BBBBaf]

Social Blockchain with scalability solving I think this is gold if it finally takes off But the problem is simple as those chain grows (solana eth avax) I think techs and other methods to scale will start to represent themselves and lets not forget they are the giants of crypto its going to take lots of work for some one to just sweep them off Like a real piece of work I think

there are more than 15 venture capital companies behind them, so it's a matter of time until they are in the top until they have listings and they are very cheap and underestimated with a fully working web 3 network
see links below:
https://www.theblockcrypto.com/post/118133/bitclout-creator-decentralized-social-blockchain-200-million-funding-a16z-others

https://www.reddit.com/r/BitClout/comments/mjajwo/bitclout_released_a_list_of_its_investors/

DeSo is paving the way for purpose-built layer 1 blockchains.

For Web3 to reach its full potential and disrupt Web2, blockchains will need to be custom-built to support the storage and indexing limitations that we see today in existing general-purpose blockchains.

Web3 Will Not Be Built on Smart Contracts
General-purpose blockchains are awesome at DeFi - but scaling beyond DeFi will require new architectures.

https://www.deso.org/blog/web-3-will-not-be-built-on-smart-contracts

[timerland]

I honestly don't see these Metaverses adding much value.

Most of the value is going to come from decentralized projects that build on metaverses. Not developed by big corporations, but rather by grassroots organisations and groups that have much more motivation than profits.

This seems to be the clear recipe for success in the cryptospace at least.

[BBBBaf]

I honestly don't see these Metaverses adding much value.

Most of the value is going to come from decentralized projects that build on metaverses. Not developed by big corporations, but rather by grassroots organisations and groups that have much more motivation than profits.

This seems to be the clear recipe for success in the cryptospace at least.

if you have an idea for such an application you can get a development grant from the deso team
and make it on the deso blockchain

https://www.deso.org/blog/a-50-million-fund-to-fuel-the-decentralized-social-developer-ecosystem

https://www.youtube.com/watch?v=qMFrPLJW2yo&t=4s&ab_channel=DecentralizedSocial

[raidarksword]

Metaverse will be the next big thing in the crypto industry and many projects already setting up for their metaverse ecosystem that will make this industry more booming and making trends next year.  Metaverse will be the next craze next year for sure.

[BBBBaf]

Metaverse will be the next big thing in the crypto industry and many projects already setting up for their metaverse ecosystem that will make this industry more booming and making trends next year.  Metaverse will be the next craze next year for sure.

look at this stat
that now this is just the beginning
https://diamondapp.com/posts/81a807015b412e5ffa4d95664c3578e57c2d6a81d845ce58e7c530bb0e1d4ca3?feedTab=Following&tab=posts

DeSo blockchain is listing on @coinbase  and will officially be open for trading.

WAGMI ⛽️
twitter.com/CoinbasePro/status/1470466513681498115?s=20

[BBBBaf]

you can join the deso blockchain follow my instructions Diamondapp.com beginner tutorial
https://vlad-nemoqqq.medium.com/diamondapp-com-beginner-tutorial-get-25-free-earn-2589e36da266