{"id":44889,"date":"2023-02-07T06:47:47","date_gmt":"2023-02-07T10:47:47","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=44889"},"modified":"2023-02-07T06:47:49","modified_gmt":"2023-02-07T10:47:49","slug":"damus-to-integrate-crypto-revenue-option-on-its-platform","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/damus-to-integrate-crypto-revenue-option-on-its-platform\/","title":{"rendered":"Damus to integrate crypto revenue option on its platform"},"content":{"rendered":"\n
Social network Damus is looking to integrate Bitcoin (in form of Satoshi<\/a>) 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.<\/h5>\n\n\n\n
\"Damus
Damus to integrate crypto revenue option on its platform<\/figcaption><\/figure>\n\n\n\n

The decentralized social network Damus\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> 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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

\n

Coming soon in the next version… earn sats directly on posts! This post earned 118k sats which is about $40. Pretty neat! pic.twitter.com\/dAbWWD4i93<\/use><\/svg><\/span><\/a><\/p>— Damus\u26a1\ufe0f (@damusapp) February 5, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

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.<\/p>\n\n\n\n

Some community members even went so far as to call Nostr “the future of monetization” in their enthusiasm about the new Damus function.<\/p>\n\n\n\n

Jack Dorsey, the former CEO of Twitter,<\/a> 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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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. <\/p>\n\n\n\n

Dorsey identified several possible remedies for the problems, including author autonomy, algorithmic moderation, and resistance to corporate or governmental domination.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":12,"featured_media":44891,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[152,13255,13238,6378],"class_list":["post-44889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto-revenue","tag-damus","tag-satoshi"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/02\/image-15.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/44889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=44889"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/44889\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/44891"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=44889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=44889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=44889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}