An alternative social networking platform that aims to give users control over their data is integrating Chainlink data oracles. Revolution Populi, a social network led by David Gelernter — a futurist and a distributed computing pioneer — is integrating Chainlink data oracles.
Revolution Populi is trying to displace Facebook by creating a social network where users can post and share information about their lives, “but advertisers pay them, not Facebook.” The network is just the first of many distributed apps that the company plans to release in the near future.
The idea in itself does not sound novel, as there have been quite a few projects in the crypto space that have tried to return data ownership to users. However, perhaps the most interesting aspect of the project is that Gelernter serves as a chief visionary officer.
Gelernter first made a name for himself in the 1980s through his contributions to the field of parallel computing. Later, in 1991, he published the book Mirror Worlds, which foreshadowed the development of the World Wide Web, including the social networking phenomenon. The acclaim likely attracted the unwanted attention of Ted Kaczynski, aka the Unabomber. On June 24, 1993, Gelernter was severely injured when opening a package filled with explosives.
The company's CEO, Rob Rosenthal, told Cointelegraph that the social network is just one of the three legs of the stool they are building:
“It's obnoxious enough that they take our sovereign property, sell it and keep all the money. But there are much bigger problems out there as a result. I mean, it is the public square. They do control everything on this public square. As you've mentioned, the data resides in their private database. [...] We have a solution that we're calling a three legged stool approach. It is not just a social net, by the way. It's an ecosystem.”
The other two legs are the decentralized database, which will be structured as a decentralized autonomous organization, or DAO, and the third leg is the exchange or market for data.
The company will purportedly unveil its own blockchain in the coming weeks, which will serve as the backbone for the “stool." Rosenthal was also quick to emphasize that Gelernter is actively involved in the day-to-day activities of the company. In fact, he designed the user interface for the social networking app.
Rosenthal believes that the Chainlink integration does not just provide a necessary layer to his project, but can help the oracle provider broaden its horizons:
“I think they've gotten unfairly typecast and the DiFi world. I think their technology can be spread to other projects such as ours that are more broad based and more ecosystem based. I've spoken to the guys, I believe that they're pretty excited about this integration, because it brings them into kind of another realm.”
Breaking away with the recent trend, Revolution Populi plans to conduct an initial coin offering in the fourth quarter of this year. Rosenthal did not want to divulge many details, but he noted that it will be fully compliant.
Recently, Chainlink's LINK token has been setting new highs on the strength of several partnerships and integrations.
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||73.2%||50||$48 706.73||-9.26%||-10.81%||$920 132 432 479|
|2||ETH||Ethereum predictions||79.2%||33||$4 059.61||-3.80%||-0.61%||$481 495 723 238|
|3||BNB||Binance Coin predictions||81.6%||32||$562.06||-5.77%||-6.99%||$93 752 606 143|
|4||USDT||Tether predictions||96%||1||$0.999843||-0.04%||-0.10%||$74 146 017 092|
|5||SOL||Solana predictions||68.8%||62||$200.85||-6.55%||3.29%||$61 387 860 524|
|6||ADA||Cardano predictions||64%||72||$1.41||-10.52%||-9.18%||$46 958 385 031|
|7||USDC||USD Coin predictions||90.8%||2||$0.999385||-0.03%||-0.05%||$39 796 534 169|
|8||XRP||XRP predictions||67.6%||70||$0.834001||-10.39%||-11.92%||$39 404 303 399|
|9||DOT||Polkadot predictions||66%||76||$29.08||-14.58%||-17.21%||$28 721 201 555|
|10||LUNA||Terra predictions||71.2%||63||$71.05||5.47%||63.77%||$27 565 404 822|
|11||DOGE||Dogecoin predictions||62.4%||74||$0.175319||-12.61%||-14.55%||$23 209 784 837|
|12||AVAX||Avalanche predictions||63.2%||73||$90.70||-14.60%||-19.51%||$22 013 847 272|
|13||SHIB||SHIBA INU predictions||62%||75||$0.000037||-9.62%||-5.62%||$20 243 352 002|
|14||CRO||Crypto.com Chain predictions||59.2%||86||$0.595382||-5.97%||-25.47%||$15 041 152 356|
|15||BUSD||Binance USD predictions||92.8%||1||$0.999915||0.09%||-0.01%||$13 732 244 013|
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