Due to recent events, Twitter users have diverted their attention from the app and begun seeking solace in other social media platforms. Many tech companies want to make the most of this shift in interest, and Meta has decided to join the trend.

Reports indicate that Meta is developing a decentralized social network called “P92”. The app will allow users to share text updates and log in with their IG details – names, profile pictures, followers, etc. As stated by Moneycontrol, P92 will work with ActivityPub, the decentralized tech that fuels Mastodon, an open-source rival to Twitter.

The decentralized app will be fitted with a tool that will allow users to share posts on other servers and join or create distinct servers. P92 will start out with features similar to that of Twitter, except for the ability for users to leave comments on posts and share messages.

Meta’s legal team is actively making sure there are no prospective privacy issues before P92 goes live. They are working towards accessing data from all Instagram users for analytics, product improvement, and ranking on the decentralized app, regardless of whether or not they are on P92. Reportedly, the Head of Instagram, Adam Mosseri, will lead the app.

The company might be able to allow P92 accounts other than those tagged as “corporate” and “creator” to reshare posts.

What is Decentralized Social Media?

Decentralized social media is a type of social media platform that operates on a decentralized network, meaning that it is not controlled by any central authority or organization. Instead, the platform is built on a peer-to-peer network that is maintained and controlled by its users. Steemit, Mastodon, and Diaspora are examples of decentralized social media. 

Decentralized social media platforms are often built on blockchain technology, which provides a secure and transparent way of storing and sharing data. These platforms also often use cryptocurrency-based incentives to encourage users to contribute to the network, such as earning tokens or coins for creating and sharing content.