THELOGICALINDIAN - Billionaire and absolute acreage mogul Frank McCourt has afresh been alive on a new blockchain adventure blue-blooded Project Liberty Its aggressive ambition to accompany calm the ability of the blockchain and absorb it into a amusing media protocol
With a amusing media database like this, he believes no amusing media belvedere would be able to ascendancy everyone’s data. All users would accept admission to the blockchain and could appropriately move annal of their amusing access amid the apps that they appetite to use, back they appetite to use them.
Users accepting complete ascendancy over their advice would advance antagonism in the amusing media bazaar area platforms would acquire to action users a bigger acquaintance and altered features. There would be altered pro’s and con’s to anniversary platform. None would boss absolutely as amusing media users could advance out in a added exchange operating on the blockchain to acquire their antecedent data, and amusing access allowance them get set up faster.
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McCourt is advance $100 Million into the project, proving aloof how abundant aplomb investors accept in blockchain technology and that the applications of the blockchain in accepted are amaranthine in our tech apprenticed world.
In an commodity from Bloomberg on Sunday McCourt states,
I never anticipation I would be analytic the aegis of our basal systems, namely commercialism and capitalism
We alive beneath connected surveillance, and what’s accident with this massive accession of abundance and ability in the easily of a few, that’s abundantly destabilizing. It threatens commercialism because commercialism needs to accept some anatomy of candor in it in adjustment to survive
The candor that McCourt is attractive for lies in the inherent abandon of a decentralized agreement and the foundations of blockchain technology. No one article is in allegation of the arrangement and the data. Users on this amusing media agreement would accept admission to their abstracts putting the ability of authoritative money off people’s abstracts aback in the people’s hands.
How Project Liberty Works With Blockchain Technology
The capital aim of the activity is to body a Decentralized Amusing Networking Protocol. Much like how Bitcoin and cryptocurrencies are stored in a users wallet with a altered key, on this protocol, users amusing media abstracts would be stored actuality on the Decentralized Amusing Networking Protocol. Then, users can accept to alteration that abstracts to the altered apps and platforms that they appetite to use as their forms of amusing media.
Much like the aboriginal ambition of Bitcoin and crypto in general, it is important that date like amusing media advice become built-in in the blockchain as well. That way, it is engrained always and the bodies can ascendancy their own abstracts how they want. Knowing that it is there, anchored in their wallet, and communicable always to be acclimated how they see fit.
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This is a huge accession to the blockchain tech apple with implications on the bazaar that are far reaching. With a Decentralized Amusing Networking Protocol, new amusing media apps and platforms would accept a way of aquiring users after accepting to go through the already above players in the amusing media industry. Plus the best part, users would consistently ascendancy their abstracts giving and demography abroad permission from companies as they need.
Additional Blockchain Social Media Protocol
Project Liberty carefully mirrors the aims of Bluesky. A activity started by Twitter CEO Jack Dorsey that additionally aims to use blockchain technology to accord users the ability of their own abstracts back. He capacity abundant of the goals for the activity in this Twitter thread.
It is bright that with big players in the bold like Twitter and billionaire Frank McCourt, the alliance amid amusing media and blockchain tech is actuality to stay. Moreover, it will about absolutely abound bigger over time as added platforms accept the changes aural the marketplace.
