Meta Platforms reportedly plans to launch a decentralized text-based social network this summer.
Codenamed ‘P92,’ it will likely function as a standalone app but will be integrated with Instagram.
Although the plans are still a bit vague, (even the app’s official name has yet to be confirmed – Meta insiders are currently referring to it as “Barcelona”), it does seem to be on track for roll-out in June. Reports suggest that users would be expected to log into the new platform with their Instagram account credentials.
“We believe there’s an opportunity for a separate space where creators and public figures can share timely updates about their interests,” Meta told Platformer.
Key Facts:
- Being a decentralized platform means users of the new app will be able to join or create separate servers, although it will include a feature that allows people to “broadcast posts to people on other servers,” the Moneycontrol report added, citing an unnamed source.
- P92’s feature set is expected to be very similar to Twitter at launch, except for commenting on posts and messages, which will reportedly be added later.
- The report suggests P92 will leverage existing Instagram data—like names, profile photos, followers, etc.—both for users who sign up for the decentralized platform and those who don’t.
With the current upheaval at Twitter, seems like a good opportunity to capitalize on the interest for a new social media platform with similar functionality. What does this mean for you? At the moment, there’s nothing to do except standby and watch as this move on Meta’s part may be an indication of a paradigm shift away from traditional social media apps and towards decentralized social media platforms, (tech.co).
