- Meta is said to be working on a Twitter competitor.
- The team explores a decentralized autonomous social network.
- The platform is still in its infancy.
Meta is said to be building a new generation alternative to Elon Musk’s Twitter. According to the report by Money Control, the Meta team is exploring a standalone decentralized social network.
According to sources familiar with the matter, Meta is currently formulating a strategy to develop a standalone text-based content app that supports ActivityPub — the decentralized social networking protocol behind Twitter competitor Mastodon and other apps.
A Meta spokesperson said:
We’re exploring an independent, decentralized social network for sharing text-based updates (…) We believe there’s an opportunity for a separate space where creators and public figures can share timely updates about their interests.
According to reports, the decentralized application will be branded as Instagram, and users can make use of the application using their Instagram credentials. However, it’s not clear if the app – codenamed “P92” – is still in the ideation or development stage, though one source revealed it’s still in the works.
The app is likely to contain “clickable links in posts with previews (such as Twitter), user profiles, usernames, and verification badges,” according to the feature list. The concept also included making photos and videos shareable in initial versions of the app. While there are like and follow functions, it’s unclear if the initial iteration of the product will include commenting and messaging options. However, they will all be added eventually.
according to a source,
The team is also discussing whether you have the ability to re-share content like Twitter regardless of business accounts and creators. Rights Manager will be integrated from scratch for first party content, but probably not for third party content from other apps and servers.
The new ad has certainly raised questions, as it is clearly a clear competitor to Twitter. For example, Elon Musk issued a summary ban on Twitter users from revealing their Mastodon profiles in December, which coincided with an increase in demand for Twitter alternatives. These and other considerations have led Jack Dorsey, the co-founder of Twitter, to regularly call for the creation of a decentralized version of the network.
Currently, there is no exact information regarding the current stages of the application and when it will be released to the public.
The post on Meta that is said to be building a decentralized social network appeared for the first time in Coin Edition.