MeWe social community with 20M customers to combine with Polkadot parachain

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Social community MeWe will combine with the Frequency blockchain community, a parachain of Polkadot, in line with an April 26 announcement at Consensus 2023. The announcement added that the corporate will start transferring its customers’ accounts over to the community throughout this quarter.

MeWe was launched in 2012 and has been touted as a “Fb different” with allegedly higher privateness protections. An Axios report in September stated that the community had over 20 million customers. Frequency launched as a Polkadot parachain in November of 2022.

At a Consensus 2023 panel referred to as “Laying Web3’s Basis With Decentralized Social Networks and Information Rights,” MeWe CEO Jeffrey Edell said that the transfer will permit MeWe to make a everlasting dedication to information possession for customers:

Blockchain is like doubling down on privateness. So now you’re permitting the know-how to do what corporations promise […] Sometime MeWe might get acquired by somebody, a giant firm, and in that occasion, the privateness features might be misplaced, however as soon as we decide to the blockchain, we’re committing to that privateness facet.

“We by no means surveilled, we by no means amplified unhealthy information or misinformation, that’s simply not one thing we do, so we’re very logically set as much as transfer into the web3 world,” he stated earlier than including, “we’ve got to kind of march into that slowly and prudently, however with full dedication.”

In response to the announcement, the mixing between MeWe and Frequency is predicated on the Decentralized Social Networking Protocol (DSNP), which Woodham labored on as a part of Frank McCourt’s Mission Liberty. McCourt allocated $100 million to the venture in June, 2021.

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Amplica Labs was the preliminary technical contributor to Frequency. Their President, Braxton Woodham, who was additionally on the panel, emphasised that the partnership between Frequency and MeWe is not going to clear up all issues in social media instantly. Nevertheless, he claimed that it’ll present a primary framework that app builders can construct upon to repair quite a lot of issues sooner or later.

“Social networks contain numerous completely different issues, starting from the consumer expertise to moderation to AI algorithms for curation,” he stated earlier than explaining that “it is just about not possible to resolve all issues directly, and so the strategy we’ve been taking collectively is, let’s hyperlink our digital presence collectively on the net to create the social internet. That units up the power to assault the information layer and strategy these tough issues.”