Web3 guarantees to interrupt us free from the centralized mega-corporation dominance of the Web2 era, opening up a plethora of decentralized, peer-to-peer use circumstances that leverage the potential of the web of worth.

Whereas Web3 adoption has to date centered round DeFi, NFTs, and extra just lately GameFi, social media and knowledge storage are additionally ripe for decentralization as SocialFi units as much as doubtlessly turn into the following large factor.

Constructing a Decentralized Reddit and Information Portal for Web3 Purposes

myMessage is the world’s first-ever decentralized Reddit-like social media and knowledge storage platform, supporting evolving Web3 purposes together with a thread-reply bulletin board, messaging dApp, developer instruments, SDKs, and encrypted knowledge portal.

The myMessage knowledge storage and messaging dApp options are initially being constructed on the Zilliqa blockchain, profiting from its pace, throughput, and low-fee decentralized community to satisfy necessities. Additional interoperable multi-chain integration throughout Avalanche and Binance Sensible Chain (BSC) will then observe.

The decentralized messaging dApp in addition to a Reddit-like thread-reply bulletin board will probably be constructed on Polygon’s scalable layer 2 blockchain expertise, after being awarded a Polygon Growth Grant.

Overcoming the Issues of Centralized Social Media and Information Storage

The centralization of mainstream knowledge storage and social media is a big ache level, resulting in censorship, privateness abuses, and safety breaches, with an financial imbalance that strongly favors the platforms.

myMessage’s answer is to make use of decentralized social media, storing AES256 encrypted knowledge and content material completely on a blockchain with quantum-attack-resistant safety. Information saved on a blockchain is immutable, clear, timestamped, and void of dangers to hacking, tampering, or loss attributable to its decentralized nature. The tokenization of worth on blockchain additionally supplies a medium for incentives that return proprietary rights and earnings to the customers.

Information Storage and Messaging dApp

In distinction to centralized cloud storage options with hefty prices on annual contracts, myMessage solely prices roughly $0.10 per message, relying on its measurement. This works by way of a sensible contract on one of many myMessage supported networks and a front-end app that interacts with it. Customers kind a message or connect a file, encrypt it if needed, and ship it to the community, paying the corresponding charge in native MESA tokens. They’ll then view or retrieve their info at any time free of charge.

As nearly something digital might be securely saved on a blockchain, myMessage opens up a number of use circumstances together with encrypted messages for personal info, verifiable authorized paperwork, NFT paintings and different mental property, crypto, patents, or digital asset storage.

Reddit-like Bulletin Board and Social Farming

The Reddit-like thread-reply bulletin board will probably be a bridge for customers to speak, encrypt threads, and switch knowledge in a decentralized approach, recovering the rights to, management over, and worth of their knowledge produced by socializing on-line.

All customers can join their Web3 wallets to entry the myMessage bulletin board. It’s privacy-preserving in that every one customers can entry knowledge with out threat of being uncovered or traced.

Customers may even have the ability to get pleasure from farming rewards just by socializing on the platform, and pays in native MESA tokens to start out non-public threads, put up replies, remark, or like. They’ll additionally tip different customers in MESA tokens once they see good replies and feedback.

MESA Token Utility

Past its use as a fee medium for charges, suggestions, and social farming rewards, MESA can be used for governance, staking, and deflationary buy-backs, with a complete capped provide of 5 trillion tokens.

Holders of MESA can take part in DAO proposals and vote on the long run course of the platform. Stakers are supplied staking rewards for offering liquidity and platform income may even partially be used for MESA buy-back and burns.

What’s Subsequent?

The MESA public sale, token launch, and DEX itemizing is predicted to happen by the top of the 12 months, alongside staking providers, a top-tier CEX itemizing, and Avalanche integration.

The 2022 roadmap is then set to ship multi-chain integration with BSC and Polygon, a cellular app launch, and developer instruments within the run-up to full mainnet launch.