Meta is developing a decentralized social network to compete with Twitter
Meta , the parent company of Facebook and Instagram, is in the early stages of developing its own decentralized text post-based social network. The company does not want to lose ground and seek to wrest the throne from Twitter. This has been confirmed by Meta sources to Platformer , who comment that they still do not have a presentation date.
Although they do not have many more details about the project, the person in charge of carrying it out will be Adam Mosseri, CEO of Instagram and very active on social networks. The highlight of the platform is decentralization. What does it mean that the network will be decentralized? Users will be able to configure and establish specific rules for the use of moderation.
The objective of Meta is that the new social network can be accessed with the Instagram credentials. To this end, the company’s legal teams are working to resolve any potential conflicts in terms of privacy that they may have.
Decentralized autonomous social network for text sharing
In this way, they are exploring a decentralized autonomous social network for sharing texts. They believe there is an opportunity for a separate space where content creators and the public can share news about their interests. On the one hand, it would be similar to Twitter, although the operation would be more similar to Mastodon.
For Meta it is a good time to enter this territory of short text messages, which until now has been dominated by Twitter. Although we will have to wait until we know what point Meta will be involved in this social network.