Los Angeles, Colorado, 14th February, 2023, Chainwire

DeSo, the layer-1 blockchain that raised $200M from high funds, together with Sequoia, Andreessen Horowitz, and Coinbase-Ventures, pronounces the launch of DeSo Chat Protocol (DCP) — an on-chain, end-to-end encrypted wallet-to-wallet messaging protocol for web3.

DeSo Chat Protocol (DCP) is a safe, censorship-resistant messaging platform for web3 communities. It’s constructed with cross-chain interoperability in thoughts, so it could possibly simply combine with any blockchain. With its capability to maintain 40,000 messages per second, it could possibly scale to thousands and thousands of customers, cross-chain, with little to no gasoline charges. Ethereum is the primary integration for DCP, however there are plans to companion with different chains like Solana and Close to sooner or later. When an Ethereum person logs in utilizing MetaMask, they’re immediately airdropped sufficient $DESO to ship as much as 10,000 messages.  

Founding father of DeSo, Nader Al-Naji, explains, “With its built-in interoperability, DeSo Chat Protocol is positioned to develop into the common communicator for the whole web3 ecosystem. For the primary time ever, NFT marketplaces like Opensea, MagicEden, and Rarible can combine DCP to supply a secure, safe method for founders, builders, or creators to speak whatever the blockchain they use.”

DeSo Chat Protocol is a strong communication software that may be added to any app on any blockchain. Moreover, builders can create new, by no means earlier than seen social experiences 100% on-chain. Moreover, it gives white-labeling choices in order that web3 apps can launch with group chat and community-building capabilities with out having to arrange every part from scratch. DeSo is at the moment in talks with apps and NFT marketplaces to combine DeSo Chat Protocol within the close to future. Which means communities on platforms like Opensea, Rarible, and MagicEden can talk with one another irrespective of which app or blockchain they’re on.

Al-Naji continues, “That signifies that a person on Opensea can ship a message to somebody on Rarible, and a person on Rarible can ship a message to somebody on MagicEden with out having to fret about gasoline charges making it simpler than ever for web3 communities to scale and monetize on-chain with heightened security and safety to forestall hacks.”

DeSo Chat Protocol affords a variety of options that in style messaging apps like Sign, Telegram, and Whatsapp have, akin to group chat administration, message edits, end-to-end encryption, and emoji reactions. Moreover, because of the money-native options that include the DeSo blockchain, DCP might be personalized to construct novel messaging experiences that combine NFTs, Social Tokens, Gated Messaging, and far more! 

Crypto communities have been clamoring for their very own web3 native chat software for the final a number of years, particularly after the high-profile Bored Ape Yacht Membership hacks on Discord. Most web3 communities are fragmented and compelled to make use of archaic web2 messaging protocols, leaving them prone to hacks, assaults, and stolen property. 

Web scams are anticipated to extend because of the explosion in reputation of AI, the place deep fakes are troublesome to discern from actuality; blockchain-based id and status may very well be the one option to confirm whether or not somebody is actual, mitigating scams alongside the best way.

Moreover, the DeSo Chat Protocol is positioned to develop into a serious participant within the international Blockchain Messaging Apps Market, which is anticipated to develop from USD 42.23 million in 2022 to USD 628.72 million by 2030 (a rise of 1389%). It stands out amongst different choices as a result of it’s constructed on the DeSo blockchain, particularly designed with scalability in thoughts, permitting decentralized social networks to achieve billions of customers whereas providing unmatched belief and transparency because of every part being saved 100% on-chain.

That is one more step in the direction of DeSo’s mission of changing into The Social Layer of Web3, a creator-led and user-owned web powering the way forward for social media. With the current launch of Openfund and MegaSwap, DeSo now boasts a full set of instruments for founders and builders to launch apps that entice thousands and thousands of customers whereas creators can monetize in methods by no means earlier than potential.

About Deso

DeSo is a brand new layer-1 blockchain constructed from the bottom as much as decentralize social media and scale storage-heavy functions to billions of customers. It raised $200 million and is backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winklevoss Capital, Pantera, and different blue chip funds.

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