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.
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.”
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.