- Meta plans to launch a text-based content app called P92 that supports the ActivityPub protocol.
- The app will resemble Instagram and allow users to sign in with their Instagram credentials.
- P92’s minimum viable product will allow cross-server post sharing, and the app will have its own privacy policy and terms of service.
Meta, the parent company of Facebook and Instagram, has announced plans to enter the decentralized social media space with a new text-based content app called P92, which will support the ActivityPub protocol. The app will look like Instagram and allow users to sign in with their existing Instagram credentials.
The P92 team is using the “fork” method to develop the first version of the product, which will transfer user information from Instagram, including their name, username, bio, profile photo, and followers. The app will have its own privacy policy and terms of service, in addition to Meta’s current policies, which will cover cross-app data sharing.
As Twitter users increasingly look for alternative social media platforms, startups and tech companies are seizing the opportunity to compete for their attention. Platforms like Mastodon, Post.news, and T2 have gained traction in recent months.
The minimum viable product for P92 is designed to allow users to send posts to people on other servers, but it’s not yet clear if users will be able to follow people on other servers and see their posts.
The first version of the app will include tappable links in posts with previews, user bios, usernames, verification badges, and shareable images and videos. While the app will have features like followers and likes, it remains unclear whether commenting and messaging will be included in the first version of the product.
In other news, Changpeng ‘CZ’ Zhao, CEO of Binance, took it upon himself to address some of the most pressing issues in the cryptocurrency and blockchain industries. CZ awoke after a brief four-hour nap to find the cryptocurrency market in turmoil.
