Billionaire Frank McCourt and Gavin Wood (founder of Ethereum) want to cooperate to set up alternative social networks with the aim that users can keep control of their personal data.

The two men want to set up an infrastructure based on blockchain and Web3 technology. They also want to separate themselves, dixit Wood, « from the crypto crap » of the rest of the crypto technology.

Wood reminds us that Web3 means « less trust, more truth ». The goal of Web3 is the removal of servers and control authorities.

To achieve this, he wants to link the Decentralized Social Networking Protocol (DSNP) with the blockchain.

For McCourt, his involvement in this project stems from the observation of the current deterioration of democracy. He notes that mass disinformation is widespread through social networks.

Democracy, as we have known it, was based in an analog world. However, we have moved from an analog to a digital era.