{"id":175733,"date":"2023-05-20T09:39:11","date_gmt":"2023-05-20T09:39:11","guid":{"rendered":"https:\/\/precoinnews.com\/?p=175733"},"modified":"2023-05-20T09:39:11","modified_gmt":"2023-05-20T09:39:11","slug":"instagram-to-reportedly-launch-text-based-app-to-rival-twitter","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/instagram-to-reportedly-launch-text-based-app-to-rival-twitter\/","title":{"rendered":"Instagram to reportedly launch text-based app to rival Twitter"},"content":{"rendered":"
In a secret meeting with select creators, Instagram\u2019s parent company, Meta, reportedly revealed its plan to launch a text-based conversation app. The leaked screenshots of the alleged upcoming app show a user interface similar to Twitter.<\/p>\n
Instagram\u2019s plan to rival Twitter was uncovered by Lia Haberman, an influencer marketing and social media marketing teacher at the University of California, Los Angeles Extension. According to Haberman, although the text-based app is built on top of Instagram, it is decentralized and will function as a separate app. The app will also be compatible with other decentralized social media apps like Mastodon, allowing users to reach more audiences. <\/p>\n
The upcoming app will maintain a Twitter-like centralized feed, allowing users to view content such as text, images and videos shared by followers and recommended accounts. Each text-based post will be limited to a word count of 500 characters.<\/p>\n
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While the app rivaling Twitter will function independently of Instagram, creator controls and account safety features, such as blocked accounts and keywords, will carry over to the new app.<\/p>\n
Bloomberg reporter Sarah Frier reportedly confirmed the development of Instagram\u2019s Twitter-like app from insiders. Meta first confirmed plans to develop a standalone decentralized social network\u00a0in March when it said, \u201cWe\u2019re exploring a standalone decentralized social network for sharing text updates. We believe there\u2019s an opportunity for a separate space where creators and public figures can share timely updates about their interests.\u201d<\/p>\n
Related: <\/em><\/strong>Meta pulling the plug on NFTs across Instagram and Facebook<\/em><\/strong><\/p>\n With a vision to impart further decentralization in the internet, TBD \u2014 a division of Jack Dorsey\u2019s fintech company Block \u2014 announced a Web5 decentralized web platform that aims to introduce \u201cdecentralized identity and data storage\u201d to applications. <\/p>\n To facilitate this decentralized web experience, TBD\u2019s web5 platform will introduce several key components and employ the use of decentralized identifiers.<\/p>\n