Project Liberty partners with Polkadot to democratize social media
Frank McCourt’s Project Liberty, a project that leverages Blockchain technology to democratize social media data, is partnering with Polkadot for its first implementation of its new Decentralized Social Networking Protocol (DSNP).
Project Liberty is backed by real estate billionaire and former Los Angeles baseball team owner, Frank McCourt and will run on Polkadot, the infrastructure of parallel Blockchains developed by Ethereum co-founder Gavin Wood. Project Liberty aims to build a more equitable technology infrastructure for the internet, dubbed the DSNP. The solution is open-source and public ownership of the DSNP that will enable users to determine how their data is used.
The partnership is geared toward making the protocol a core social layer of the next iteration of the internet. It strives to enable high-performance, low-cost decentralized social networking at the scale of billions of users.
Speaking on the partnership, McCourt said, ‘We are excited to work with Gavin and his colleagues to bring our shared vision of a healthier web into reality. Not only are they pioneering innovators, but our values are aligned for how the internet should be restructured in a way that empowers users, benefits society and strengthens democracy.’
A growing list of projects has chosen Polkadot’s interoperable para-chain to build their project upon. The most sought-after parachain slots are given to projects that are backed by user communities via special parachain auctions. Project Liberty will likely secure a parachain slot as a common-good chain.
Creating a foundation for a democratized internet
DSNP’s creator, Braxton Woodham said that Polkadot has a unique infrastructure that will bolster the implementation of the protocol on a large scale and that Polkadot’s economy is strong enough to support ‘sustainable alternatives to today’s surveillance economy-driven business models.’
‘Web 3.0 needs a universally accessible social graph to be successful, as the Web 2.0 social giants currently have absolute control over what users can say or do on their platforms. Project Liberty and the DSNP protocol present a clear path toward providing this crucial service. We are excited to work with partners who share our vision, values, and hope that others will join in our efforts to create a fairer foundation for the internet.’ commented Wood.