Do you want to know what DeSo is? Do you have questions on how to use DeSo?
I have seen a lot of questions about DeSo. This post is a general overview and answers the questions I see posted in various places—more details for those wanting more in-depth information on the DeSo Blockchain and different platforms built on DeSo.
Follow the various Topics links below for more detail-oriented information and instruction.
- What is DeSo?
- How to Sign Up On the Deso Network?
- What are DeSo Nodes?
- What Are Creator Coins?
- How to Buy DeSo
- How to Sell DeSo
- How to Mint NFTs on DeSo
- Top DeSo dApps to Use
- DeSo is The True Decentralized Social Media Blockchain
- DeSo DEcentralized SOcial Conclusion
What is DeSo?
DeSo is Decentralized Social. DeSo is an open-source blockchain explicitly built for operating social media platforms.
How to Sign Up On the Deso Network?
To sign up on DeSo, you can use any social platform built on top of DeSo. Currently, if you sign up on Diamond App using this link and do the KYC verification, you can get $25 in free DeSo to start your journey.
What are DeSo Nodes?
DeSo Nodes are the websites built on top of the DeSo Blockchain.
What Are Creator Coins?
Creator coins are your crypto coins minted on the DeSo blockchain for your profile. You will want to purchase at least 3 of your coins when you start your account.
How to Buy Creator Coins
Click on my profile, and you will see a big blue button in the top right corner.
Click on the blue button and follow the instructions. Remember, if you are starting, you can sign up with my link to get up to $25 in free DeSo to start.
You can buy other people’s creator coins in the same way. Just click their profile and follow the same steps.
Things to Know About Creator Coins
Remember, it can be harmful to sell your creator’s coin. People think it is a rug pull. Buy a minimum of 3. You will want to buy more if you plan on giving some away.
Giving away portions of your creator coin can be beneficial for growing followers and investors.
If you want the ability to sell some of your coins in the future for profit, set up another account. You can leave this account unnamed if you would like.
How to Buy DeSo
There are currently three main options to buy DeSo.
Buy DeSo on the Nodes
The first method to buy DeSo crypto is on the actual nodes. Let’s use the diamond app as an example.
Above is a screenshot from the diamond app. The Diamond App Node has the three options offered on the DeSo Nodes. You can buy with fiat using your card through wyre, buy with Bitcoin, or buy with ETH.
Buy DeSo on Exchanges
Two top-tier exchanges offer trading for DeSo at this time.
As of December 14th, DeSo is available on Coinbase. This is the easiest way to buy and trade DeSo.
If you are buying DeSo from an exchange and would like to use it on the platform, go to your wallet, send DeSo, enter the amount and public key, and now you are done. It is a straightforward process.
How to Sell DeSo
You can sell your DeSo as usual if trading on blockchain.com, Coinbase, and AscendEX.
If you buy on the DeSo Nodes, there could be a couple of layers.
I like to invest in individual creator coins. It is just like investing in altcoins in the regular crypto market. You can see a substantial increase in creator coins over just investing in DeSo coin.
If you want to sell DeSo and have invested in creator coins, you will first need to sell them to convert to DeSo.
Go to your wallet as shown below and click on the three dots to the coin’s right. Click sell on the creator coin options.
Now that you have converted the creator coins to DeSo and are in your $DeSo wallet, we can move on to the next step.
For the next step, go back to your DeSo wallet if you have already left it and click on the Send DeSo button on the right-hand side of the screen.
You will see a popup like the one in the image below. Enter the public key from your blockchain.com, Coinbase, or AscendEX wallet to cash out.
How to Mint NFTs on DeSo
For this article, I will show you the simple way to mint your NFTs. I will be writing additional articles on some of the DeSo dApps created mainly for NFTs.
On DeSo, you can turn anything into an NFT. Even your first post. Below you will see a new post I have created.
Click the three dots on the top right-hand side.
Now follow the simple steps and on the one-pager and click create NFT.
nftz.zone is a DeSo dApp that is developed on the DeSo Network specifically for minting NFTs. See the tutorial on YouTube for detailed step-by-step instructions on minting NFTs on nftz.zone.
Top DeSo dApps to Use
Diamond App is a Twitter-style social media platform built on DeSo. Join Using this Link for $25 in Free DeSo.
There is so much information to present about the DeSo network. I will continue to add to and update this article. Feel free to use the contact us for any questions you may have.
Supernovas.app is designed mainly as an NFT creation dApp for DeSo. They are rapidly moving with significant advancements on the website.
Even though Supernovas is designed mainly for NFTs, you can still use it for posting, investing, and other activities.
If you are a new creator just getting started, Supernovas is very fast verifying your information and getting you a verified blue check.
DeSo is The True Decentralized Social Media Blockchain
I have been testing out numerous so-called decentralized social media platforms, and of all of them, DeSo is the only real true one I have found.
All of the other decentralized social media platforms I have found I would classify as blockchain social media. Your info may be minted on that blockchain, but there is only one application that you can use.
DeSo stands out due to the fact that the information is minted on the blockchain and can be carried between 100s of dApps currently. I am sure in the future it will be thousands.
DeSo DEcentralized SOcial Conclusion
The conclusion is short and simple. DeSo is the way!
First Mover Asia: Bitcoin Hovers Near $17.3K, but Does It Have Staying Power?
Reddit NFT mints reach all-time high, EU’s $400K Metaverse party flops and more
Reddit’ NFT minting hits new high
Reddit’s nonfungible token (NFT) collection hit another milestone on Dec. 3 with a record 255,000 of its “avatars” minted in the one day.
The new minting record beat the previous all-time highs on Aug. 30 and 31, which saw just over 200,000 Reddit avatars minted each day.
The NFTs are primarily used on the social media platform as a users’ avatar and are created by a number of independent artists that use the platform.
At the time of the collection’s launch in July, it was widely seen as a way to boost mainstream adoption of blockchain technology as Reddit shied away from using crypto for purchases of the avatars and chose to call them digital “collectibles” instead of NFTs.
With the record mint day, Reddit’s Polygon (MATIC)-based NFTs now boast around 4.4 million in circulation, according to data from Dune Analytics.
However, despite the amounts minted, Dune data shows just over 40,000 Reddit avatar NFTs have been sold since their launch, and there are around 3.7 million holders of avatars indicating that most choose to hold onto their NFT.
The sales volume of the collectibles recently hit an all-time high of $2.5 million on Oct. 24 across 1,991 buyers.
Some of the rarer Reddit NFTs have seen premium prices on secondary NFT marketplaces such as OpenSea with some of the most expensive selling for over $300, while the platform’s own marketplace sees prices of around $50.
EU went all out on a Metaverse party, barely anyone came
The European Union’s (EU’s) foreign aid department is understood to have dished out nearly $408,000 (€387,000) on a metaverse and hosted a party on Nov. 29 to celebrate, but only six people reportedly turned up.
Devex reporter Vince Chadwick tweeted a video on Nov. 29 showing his metaverse avatar attending the “gala” and said “after initial bemused chats with the roughly five other humans who showed up, I am alone.”
I’m here at the “gala” concert in the EU foreign aid dept’s €387k metaverse (designed to attract non politically engaged 18-35 year olds — see story below). After initial bemused chats with the roughly five other humans who showed up, I am alone. https://t.co/ChIHeXasQP pic.twitter.com/kZWIVlKmhL
— Vince Chadwick (@vchadw) November 29, 2022
“Is anybody out there?” reads one of the messages on the screen in the video. “The concert is just the same DJ spinning the same music,” another message says.
The EU-crafted metaverse was made to promote it’s “Global Gateway” initiative that aims to develop and build infrastructure in developing nations.
The metaverse, seemingly also named “Global Gateway”, was quietly launched in mid-October with a “depressing and embarrassing” promotional video according to an anonymous EU foreign aid department staff member that spoke to Devex.
Discover the new #GlobalGateway digital platform – https://t.co/DHAdsfwbA1
— EU International Partnerships (@EU_Partnerships) October 13, 2022
According to an EU spokesperson the target audience for its metaverse is 18 to 35 year olds “who identify as neutral about the EU and are not particularly engaged in political issues,” and the promo video was “to intrigue that audience, primarily on TikTok and Instagram” and encourage them to engage with the campaign.
TimeX ‘Goes Ape’ with the BAYC
Watch manufacturer TimeX said on Dec. 1 it’s partnered with the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFT projects to create custom watches.
TimeX is creating 500 physical watches and matching “twin NFTs” that will allow Bored and Mutant Ape holders to customize a watch including its case, strap and etchings while, of course, featuring the owners’ NFT on the watch face.
We’re going bananas over the launch of our first customizable physical, digital and phygital timepiece in partnership with @CryptoVonDoom, @beijingdou, @Zeneca_33 @JulianGilliam, @TheMiamiApe, @TheeHustleHouse, @daz3d @Metabrands_pro and the @BoredApeYC community.
A Thread pic.twitter.com/sL2YPyNnwf
— Timex (@timex) December 1, 2022
The watches will be gated behind an NFT at the cost of 2 Ether (ETH), or around $2,500, with BAYC and MAYC holders then able to use the NFT to create a watch from mid-December that will ship in in the second quarter of 2023.
NFT sales increase for first time in 7 months
U.S. dollar-denominated NFT sales have managed to jump 16% in the month of November, bucking more than seven months of decline, according to data from Cryptoslam.
In November, NFT sales amounted to $534 million, up from October’s nearly $460.4 million.
It was the first month since April that NFT sales increased, January saw record NFT sales totaling $4.7 billion, while October was the slowest sales month in 2022.
Related: How NFT court summons could change the legal landscape
The increase in November is likely due to high-priced NFT sales, such as two BAYC NFTs that sold for close to $1 million each on Nov. 23 and 24.
Cryptoslam data shows over the past 30 days the top three NFT collections were BAYC, MAYC and Otherdeeds — all Yuga Labs-owned projects. The top BAYC collection has seen 30-day sales increase by 89.5% indicating that high-priced NFT sales could have driven November sales up.
Meanwhile, total transaction volume between October and November saw a 17.6% decrease.
More Nifty News
Internet browser Opera has created an NFT minting tool that allows users the ability to drag and drop media files into its application which will turn those files into NFTs by writing a smart contract and uploading them to a blockchain.
Coinbase has slammed Apple over the firm blocking the latest release of its crypto wallet app. Coinbase says Apple wanted it to disable NFT transactions until it could “collect 30% of the gas fee,” something Coinbase says is “clearly not possible” as Apple’s system “does not support crypto so we couldn’t comply even if we tried.”
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