🤳 Web3 Social Media
Today's Highlights
- DSCVR - a new type of social network
- This Week On BuzzBelow - a recap on this week's topics.
- In Other News - a few interesting developments we're tracking.
DSCVR - a new type of social network
DSCVR is a decentralized social content platform that belongs to its community. Currently, the major social networks are controlled by massive companies that often make questionable choices. Critical decisions that drive the platforms happen behind closed doors and there is widespread distrust around the use of user data. The user is often stuck choosing between the lesser of two evils or just turning a blind eye to the questionable parts of a social platform if they want to use it. DSCVR is a new kind of social network that provides a solution to these problems.
DSCVR empowers its users to direct all decisions by establishing governance rights that are represented by two native tokens, each representing 50 percent of the voting rights: Social tokens and Service tokens. Users earn governance rights via tokens. With these rights, they can make product decisions to guide the direction of the platform. Users earn tokens via upvotes. Users earn governance rights and tokens by receiving upvotes on posts, comments, and portals they manage and create. In essence, DSCVR’s most valuable and dedicated community members will decide its future. Users earn Service tokens by funding the platform and supporting its growth. Service token holders will focus on creating economic value for the platform.
DSCVR aims to open up this platform model with Social Fabric, an open protocol that enables users to create separate, autonomously governed community platforms that are based on the same ecosystem of tools behind DSCVR.
Alexander Turner, Juan Bruce and Rick Porter are the founders of DSCVR and have raised a total of $9M in funding.