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||80.8%||35||$22 939.67||-3.65%||-0.43%||$438 548 196 646|
|2||ETH||Ethereum predictions||68.8%||68||$1 680.06||-5.25%||2.68%||$204 805 525 877|
|3||USDT||Tether predictions||95.6%||1||$1.000237||0.01%||0.01%||$66 533 700 340|
|4||USDC||USD Coin predictions||96%||1||$0.999848||0%||-0.03%||$54 011 865 153|
|5||BNB||Binance Coin predictions||70%||62||$319.45||-1.52%||10.96%||$51 538 467 752|
|6||BUSD||Binance USD predictions||95.2%||1||$1.000292||0%||0.01%||$17 756 480 503|
|7||XRP||XRP predictions||77.6%||36||$0.362409||-3.72%||-2.15%||$17 519 965 274|
|8||ADA||Cardano predictions||71.6%||50||$0.510338||-4.17%||0.93%||$17 218 297 210|
|9||SOL||Solana predictions||73.6%||44||$39.52||-6.65%||2.24%||$13 768 809 765|
|10||STETH||Lido stETH predictions||93.6%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|11||DOT||Polkadot predictions||68.4%||62||$8.65||-4.95%||7.88%||$9 563 739 618|
|12||HEX||HEX predictions||64.8%||70||$0.054819||1.28%||19.27%||$9 506 188 307|
|13||DOGE||Dogecoin predictions||82%||28||$0.068036||-7.62%||1.11%||$9 026 356 228|
|14||AVAX||Avalanche predictions||72.4%||55||$27.33||-3.28%||16.23%||$7 788 396 850|
|15||DAI||Dai predictions||92%||1||$0.999960||0.02%||-0.02%||$7 525 786 587|
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