DeSo offers $1M bounty for building decentralized Reddit
Developers pointed out the "monopolization of content and data" in centralized social media platforms as a need to create a decentralized alternative. Via a July 6 announcement, de centralized social media protocol DeSo has issued a $1 million bounty for building a competitor to Reddit using its native blockchain. In supporting the decision, developers wrote: "Reddit recently sparked controversy within its community following a decision to limit API access. This move provoked a series of 48-hour subreddit blackouts in protest. This price hike for their API has forced existing third-party developers to shut down as maintaining their applications becomes impossible." "This controversy and others highlight the ongoing problems with centralized social media platforms," developers said, while also pointing out Elon Musk's controversial decision to impose reading limits on new and verified accounts on Twitter, citing "extreme levels of data scrapin...