Los Angeles, CA, 5th October, 2022, Chainwire
Soohyung Kim: The Distressed Investor Building A Casino Emprie
Soohyung Kim started making waves in 2013 when Institutional Investor named him one of the rising stars of the hedge fund world. He founded his hedge fund, Standard General, in 2007 after a career at Bankers Trust Co and Och-Ziff Capital Management Group, where he helped launch its fixed-income business. In 2005 he co-founded a
- A novel web3 social platform called is launching on , a new blockchain that has raised $200 million from Coinbase, Sequoia, and Andreessen Horowitz.
- Diamond is the first product ever to enable all posts, profiles, social graphs, and content to be hosted on a decentralized censorship-resistant blockchain.
- Posts on Diamond can be minted as NFTs, earn crypto tips, and other novel features.
Today, content is hosted on centralized platforms like Twitter, TikTok, or Instagram. Many thought leaders like Elon Musk and even Twitter founder Jack Dorsey call for an alternative.
Recently, messages emerged between the regarding a blockchain-based social media platform.
However, Musk may not need to create a decentralized Twitter alternative thanks to the launch of Diamond, a Web3 social app powered by the blockchain.
is the first platform ever to host its content and social graph on a decentralized blockchain.
By publishing content to the DeSo chain, writers, and creators can own and control their content the same way they own and control their Bitcoin. This means they can be free from censorship and gain new ways to monetize that have never been possible before.
For example, posts on Diamond can be minted as NFTs, can earn crypto tips, and much more. Creators on Diamond can very easily launch social tokens that allow their followers to invest in their success. All with an onboarding that is as easy as creating an account on a web2 platform like Instagram.
In addition, Diamond's integration of the DeSo wallet makes it possible to onboard Ethereum
users as well as mainstream users.“The DeSo wallet supports both a one-click Google login and a one-click MetaMask login,” says Al-Naji.“It's not our goal to be tied to a single chain, or really any chain. We just want to allow people to connect with each other no matter what ecosystem they're a part of. DeSo is the unified social layer for all of web3,” he says.
This is the latest in a recent string of successes for DeSo. The platform listed on Coinbase earlier this year announced last week that has caused . It has also been experiencing a recent surge in user numbers.
About DeSo Foundation
DeSo is a new layer-1 blockchain built from the ground up to decentralize social media and scale storage-heavy applications to billions of users. They raised $200 million and are backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winkelvoss Capital, Pantera, and others.
$DESO, the native currency of the DeSo blockchain, is listed on Coinbase.
Check out the full and cl aim your username on .
Growth Marketing Lead
- Ash Ghaemi
- DeSo Foundation
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