A Decentralized Social Media Revolution
A group of visionary tech entrepreneurs is on a mission to revolutionize the social media landscape by kicking billionaires out of ownership. The ‘Free Our Feeds’ campaign aims to raise $30 million over the next three years to build a decentralized social media ecosystem that gives users full control over their data and feeds. This bold initiative seeks to liberate users from the influence of tech billionaires and create a level playing field for a more equitable online experience.
Taking Down the Monopoly
The team behind ‘Free Our Feeds’ is led by nine technical advisers, including Marc Faddoul, who emphasizes the importance of decentralization and user autonomy. Currently, the AT Protocol, the open-source tech behind Bluesky, is the only platform operating on this decentralized network. However, Faddoul warns that if this protocol remains monopolized, it could lead to a “de facto monopoly”, stifling innovation and competition. By creating a decentralized ecosystem, the team aims to prevent a single entity from dominating the social media space.
A New Era for Social Media
Launched publicly in February 2024, Bluesky has already amassed an impressive 23 million users. But Faddoul believes it’s a timely moment to take the next step and create a decentralized social media landscape. He notes that the current transformation in the social media world presents an opportunity for the ‘Free Our Feeds’ campaign to make a meaningful impact. By supporting this initiative, users can help create a more inclusive and democratic social media ecosystem that truly puts their needs first.
Raising Funds for Freedom
To bring this vision to life, the team behind ‘Free Our Feeds’ is seeking to raise an immediate $4 million to establish an independent non-profit foundation that will develop the decentralized ecosystem. At the time of publication, they had already surpassed their initial crowdfunding goal, accumulating over $67,000 in online donations. This momentum is a testament to the enthusiasm and commitment of the tech community, who are eager to take control of their online experiences.
Joining the Revolution
The fate of social media ownership is in our hands. By supporting the ‘Free Our Feeds’ campaign, users can help create a more inclusive, decentralized social media landscape that truly represents the values of the online community. With this initiative, we can break free from the influence of billionaires and take ownership of our digital lives. Join the revolution and be a part of a brighter, more democratic future for social media.
SOURCE: Ref Image from Tech Crunch
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