Social network Damus is looking to integrate Bitcoin (in form of Satoshi) revenue as a reward for users who interact with posts on the platform. The upcoming feature would be made available in the app’s next update.
The decentralized social network Damus hinted at a forthcoming feature in its app that would let users earn Satoshi, the tiniest unit of Bitcoin (BTC), depending on how often they engaged with other users’ posts.
The Damus developers announced on Twitter that the next edition would include a feature that will enable players to earn Satoshis. After the announcement, the team withheld more information.
Damus bills itself as a user-controlled social network that doesn’t depend on centralized corporations. Nostr, or “Notes and Other Stuff Transmitted by Relays,” is a decentralized network that permits end-to-end private communications, and it is the platform on which the application is based. Its network does not include any servers. Instead, the protocol disseminates messages through decentralized relays.
Some community members even went so far as to call Nostr “the future of monetization” in their enthusiasm about the new Damus function.
Jack Dorsey, the former CEO of Twitter, has also been contributing money to the project’s creators to show his support for Nostr. On December 16, Dorsey announced that he had contributed 14 BTC, or almost $250 000 at the time, to the growth of the decentralized social network.
Damus became online on the Apple App Store on February 1 and was made accessible for iPhone users to download. The change was then announced by Jack Dorsey on his Twitter account, who called it a new “milestone” for open-source protocols.
Back on December 14, the former CEO of Twitter advocated for the development of a decentralized Twitter substitute. This came after Elon Musk’s internal inquiry, which had previously brought attention to Twitter censorship-related problems, was published.
Dorsey identified several possible remedies for the problems, including author autonomy, algorithmic moderation, and resistance to corporate or governmental domination.
