The decentralized text-based app from Meta is to be an Instagram offshoot

The decentralized text-based app from Meta is to be an Instagram offshoot
The social media giant Meta led by Mark Zuckerberg develops a decentralized text-based app with the code name P92.
According to a report, users can register with the new app via their Instagram registration information. The head of the latter, Adam Mosseri, was commissioned to lead the project. Since the new app uses existing Instagram data, including names, profile photos and followers, this may not be well received by many, since Meta has been criticized in the past because of its handling of user data and data protection problems.
Against this background, the company also brought the legal department on board to clear out data protection concerns before the app is publicly introduced.decentralized social network
P92 is based on a decentralized framework similar to that of Mastodon that has microblogging functions analogous to Twitter. At the start, it is expected that the range of functions is similar to that of Twitter. However, options for commenting on contributions and messages will be added later.
A meta spokesman told Techcrunch:
"We are investigating an independent decentralized social network to share text -tactualizations. We believe that there is an opportunity for a separate area in which creators and personalities of public life can exchange prompt updates for their interests."
The latest development comes because Twitter experienced several technical disorders and failures. Previously, Musk had caused the platform to take the platform. Some users have prompted these problems to choose alternatives, including Mastodon and Post.news.
Metas Metaverse plans
The company's meta-severse efforts were not yet profitable. In fact, Zuckerberg's offer for the emerging area in the middle of a bear market has proven to be expensive for Meta, since Reality Labs lost $ 13.7 billion in 2022.
META CFO Susan Li sees further incoming losses in the division for the year 2023. Nevertheless, Meta plans to "use sensibly" to invest in the metaverse because it recognizes "considerable long -term opportunities".
.