CDS Startups Meta’s Decentralized Text-Based App P92
Startups

Meta’s Decentralized Text-Based App P92

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Meta's Decentralized Text-Based App P92
Meta's Decentralized Text-Based App P92

Meta, formerly known as Facebook, founded by Mark Zuckerberg, is developing a brand-new decentralized application called P92.

Meta’s Decentralized Text-Based App P92

The app plans to compete with Twitter, one of today’s most popular social media platforms. Adam Mosseri has been chosen to lead the new project. Users will be able to log in to the P 92 app with their Instagram credentials.

Although the decentralized nature of the new app is a relief for users, Meta’s use of user data in the past raises many questions. Anticipating these issues, the company is working with a legal department to organize the privacy policy before the app is launched.

Meta P92
Meta's Decentralized Text-Based App P92 1

Decentralized Social Network

The app will work in a similar way to Twitter but is expected to have major differences. While the content of the app is still a matter of curiosity, options such as commenting on posts are expected to be added at a later stage. A Meta spokesperson said:

“We’re exploring a standalone decentralized social network for sharing text updates. We believe there’s an opportunity for a separate space where creators and public figures can share timely updates about their interests.”

P92 META
Meta's Decentralized Text-Based App P92 2

The developments came after Elon Musk’s purchase of Twitter and the disruptions experienced on Twitter. Users may be looking for a social platform away from Elon Musk’s authority. In addition, the recent emergence of decentralized applications such as Mastadon and Phaver may have pushed the company to the idea of a decentralized application.

Reference

www.cryptopotato.com

Written by
oguz

The author is a political science and public administration student at Kocaeli University. He is also studying Management Information Systems at Anadolu University. He met Blockchain technology and Cryptocurrencies for the first time in 2019. Interested in cryptocurrencies for over 2 years. In addition he provides E-commerce and social media marketing services.

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