The big announcement has been made and indeed DeSO is on track of history.
The Octane Fund is a $50 million fund to fuel the already-thriving Decentralized Social developer ecosystem.
According to deso.org , the DeSo Foundation is committed to supporting the decentralization of social media, with a strong focus on supporting the DeSo blockchain, the first blockchain custom-built to scale social applications to one billion users.
To support its mission, the DeSo Foundation has over $200 million in backing from Sequoia, Social Capital, Andreessen Horowitz, and many others. Now, as our first major initiative, we are proud to announce that we are launching a $50 million developer fund that we're calling The Octane Fund.
Why Octane? Because this fund is all about fueling and accelerating the already-rapid growth of the DeSo developer ecosystem. Even though the DeSo blockchain has only been in beta for six months, there are already over 100 apps building on DeSo, including Flick, created by Nigel Eccles, co-founder and former-CEO of FanDuel, Pulse, backed by Social Capital, and Polygram.cc, a first-class NFT marketplace
Listen to @Nader Sl-Nani, head of DeSO foundation:
"Until today, there was only one way to run a social network: One company controlling everything. Now there's a new model: Thousands of independent devs building on the DeSo blockchain."
The Octane Fund dedicates
$50M to devs building on DeSo. Apply today!
deso.org/blog/a-50-million-fund-to-fuel-the-decentralized-social-developer-ecosystem
Before DeSo, you had to be a cog in the machine to develop new social products, and there were only three apps to work on.
DeSo presents a new model where YOU control your destiny, and where you can build a future that we can't even imagine today.
Let's break free of the machine.
If you have an idea for a new kind of social app, apply to the Octane Fund, and we'll help you start your own social media company.
If you've ever felt like the conglomerates have eaten everything, and there's no room left for a little entrepreneur to compete...
If you've been thinking about starting a company but not sure anyone would support you...
Now is the time.
We're here for you, and we can't wait to see what you build.
docs.deso.org
@Nader concluded.
This announcement is one of it's kind and very earthshaking fothe devs world!
To put the records straight, it should be noted that before #DeSo emergence, it would be nearly impossible to find funding for a new social media platform/app.
According to @Krassenstein in his words: "This was because every project would start with 0 data and need to attract users in order to start building data."
"What Deso does is providing every developer on the chain with a firehose of data, and lets them concentrate on the actual development, rather than user acquisition, to build out the data they would need to succeed."
