Bitclout Founder Reveals DeSo, a $200M Blockchain to Take on Facebook

Diamondhands, the mysterious creator of Bitclout, revealed his identity—and his larger plans to build a decentralized social network. Read the full story by: Jeff John Roberts

Key Points:

• Former Google engineer, Nader Al-Naji, also known as Diamondhands created a decentralized social media called Bitclout. Users accounts have tokens and the worth is determined by their popularity.

• Diamondhands announced DeSo which is a blockchain that he says already has 100 apps built on it.

• His goal is to create an open source alternative to Facebook which they have raised over $200 million from investors like Coinbase Ventures, Winklevoss Capital, and Andreessen Horowitz.

• Bitclout will be one of those applications built on DeSo as well as Pulse which they describe as "Bloomberg for Bitclout.”