skip to Main Content
bitcoin
Bitcoin (BTC) $ 98,423.37 4.86%
ethereum
Ethereum (ETH) $ 3,352.10 9.61%
tether
Tether (USDT) $ 1.00 0.19%
solana
Solana (SOL) $ 255.26 9.50%
bnb
BNB (BNB) $ 620.92 2.74%
xrp
XRP (XRP) $ 1.19 9.90%
dogecoin
Dogecoin (DOGE) $ 0.384997 3.56%
usd-coin
USDC (USDC) $ 0.999589 0.14%
staked-ether
Lido Staked Ether (STETH) $ 3,350.29 9.74%
cardano
Cardano (ADA) $ 0.804567 0.57%

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.

Edited by Sheldon Reback.

Loading data ...
Comparison
View chart compare
View table compare
Back To Top