Synereo Bringing Decentralized Social Media to China
Synereo's first and most well-known decentralized application is their Social Media Layer, a decentralized social media platform. This could have revolutionary applications in mainland China, where social media is heavily controlled by the government, and the Chinese cryptocurrency community has responded positively with multiple partnerships and events. The cryptocurrency industry has long thrived in mainland China due to a combination of factors. Low costs make it dominant in the mining scene, and crypto’s a great haven from the falling yuan, but even more interesting are the potential....
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“With current social networks, you are not the client. You are the product being sold.” Synereo opened their official announcement with the above messaging, a bold statement about the current state of social media. Built to be decentralized, Synereo wants to change social networking for the better, rewarding their user base along the way. Synereo approaches ads on social media quite differently than others currently in the market. Instead of adhering to the traditional model of unsolicited advertisements, Synereo believes user attention is worth paying for.
Synereo is back in the spotlight with another crowdsale, which is being coupled with the release of the alpha model of their decentralized social media platform. The crowdsale has been much covered, and is really nothing new, but their social network and the technology behind it still appear to be widely misunderstood. This is the first of a two-article series designed to change that. Synereo has been around for a little while, and raised the equivalent of $126,000 in their initial AMP crowdsale last year. Since then, they’ve been relatively quiet, and I was surprised to hear they plan to....
Social networks are hot nowadays. Ever since Facebook popped up, the whole concept gained traction, and new approaches are made all the time. They're not always as interesting as the one before, but now and then, we get to see a new social network that tries to stand out in the crowd. Meet Synereo, a next-gen social network that claims to be different. You're the client, not the product. "With current social networks, you are not the client. You are the product being sold. The value you create by being a part of the network flows upwards immediately, reaching only a select few: those in....
Decentralized social media platform, Synereo, disclosed a 4-layer tech stack that would power its system, with RChain to replace Blockchain. It’s yet to see how efficient the proposed model will be by comparison with Facebook and Twitter. Aside the general knowledge of decentralized platforms as seen in Diaspora*, Steemit and others, not much is known about Synereo which aims to be the first fully decentralized social network based on principles of the attention economy. Existing Blockchains can’t support the network. According to Synereo’s own paper, Bitcoin, Ethereum and other....
Synereo, a new social platform with ambitions to “decentralize the web,” has launched its second crowdsale, raising almost $2 million USD in the first six hours. $2 Million Raised and Counting. The Tel-Aviv-based startup aims to be more than just a decentralized version of Facebook. Synereo said its platform allows anyone to develop, run and build their....