Decentralized social network Damus has announced an upcoming feature of its app that will allow users to earn satoshis – the smallest fraction of Bitcoin (BTC) – based on engagement on platform posts.
In a tweet, Damus’s team highlighted that there will be a feature that will allow users to earn satoshis in the next version that is “coming soon.” The team did not provide further details after the announcement.
Coming soon in the next version… earn sats directly on posts! This post earned 118k sats which is about $40. Pretty neat! pic.twitter.com/dAbWWD4i93
— Damusâš¡ï¸ (@damusapp) February 5, 2023
Damus describes itself as a user-controlled social network that does not depend on centralized companies. The app is based on Nostr, or “Notes and Other Stuff Transmitted by Relays,” a decentralized network that enables end-to-end private messaging. There are no servers within your network. Instead, the protocol uses decentralized repeaters to distribute the messages.
Several community members expressed their excitement about the new Damus feature, with some even going so far as to describe Nostr as “the future of monetization”.
The former CEO of Twitter, jack dorsey, he has also expressed his support for Nostr by contributing funds to the developers of the project. On December 16, Dorsey said that there was donated 14 BTC, which at that time is equivalent to about USD 250,000, to support the development of the decentralized social network.
Cointelegraph has reached out to a Damus developer for comment, but has yet to hear back.
On February 1, Damus appeared on Apple’s App Store and was made available to iPhone users for download. Jack Dorsey then also shared the news via his Twitter account, describing the update as a new “milestone” for open source protocols.
On December 14, the former CEO of Twitter also advocated for the creation of a decentralized alternative to Twitter. This followed the publication of an internal investigation led by Elon Musk highlighting issues related to censorship on Twitter. Dorsey highlighted possible solutions to the problems, such as resisting corporate or government control, leaving the right to remove content to authors, and implementing algorithmic moderation.
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