Social Network MeWe Heralds Migration of Users to Web3 From Web2

Social networking app MeWe said it was able to migrate around 170,000 of its users to Web3 while avoiding disrupting their experience in the months following its integration with the Frequency blockchain, according to an emailed announcement shared with CoinDesk on Tuesday.

MeWe said at Consensus 2023 in April that it would be adopting the Polkadot parachain Frequency to bring self-sovereign blockchain-based identities to its 20 million users.

Frequency evolved out of the work of the Decentralized Social Networking Protocol (DSNP), which allows applications to deliver Web3 features to their users. DSNP was supported by Project Liberty, a non-profit funded by real estate billionaire Frank McCourt, as a means of disrupting the Web2 social-network paradigm of platforms like Facebook and X, formerly Twitter.

“MeWe is showing the industry how forward-thinking platforms can offer the benefits of Web3, including the ability to reclaim their digital rights and data, without disrupting the user experience,” McCourt said in the announcement.

Read More: What Is Decentralized Identity?

Read the full article here

Share
Facebook
Pinterest
Twitter
WhatsApp
LinkedIn
Email
Telegram
Related News
Comment

Leave A Reply

Your road to financial

freedom starts here

With our platform as your starting point, you can confidently navigate the path to financial independence and embrace a brighter future.

Registered address:

First Floor, SVG Teachers Credit Union Uptown Building, Kingstown, St. Vincent and the Grenadines

CFDs are complex instruments and have a high risk of loss due to leverage and are not recommended for the general public. Before trading, consider your level of experience, relevant knowledge, and investment objectives and seek financial advice. Vittaverse does not accept clients from OFAC sanctioned jurisdictions. Also, read our legal documents and make sure you fully understand the risks involved before making any trading decision

Exit mobile version