Instagram Plans to Launch Text-Based App as Twitter Competitor

Meta plans to launch a Twitter-like text-based app via Instagram.

The leaked screenshots reveal that the app will have a user interface resembling Twitter, but it will function as a separate app while being built on top of Instagram. It will also be compatible with other decentralized social media platforms like Mastodon, allowing users to reach a wider audience.

The app will feature a centralized feed, just like Twitter, where users can view text, images, and videos shared by their followers and recommended accounts. Each text-based post will have a limit of 500 characters. Despite being separate from Instagram, the new app will retain creator controls and account safety features such as blocking accounts and filtering keywords.

Insiders, including Bloomberg reporter Sarah Frier, have confirmed the development of this Twitter-like app from Instagram. Meta had previously announced their plans to explore a decentralized social network, aiming to create a space where creators and public figures can share timely updates about their interests.

TBD's Web5: Empowering Users with Decentralized Web Experience

In line with the trend towards decentralization, TBD, a division of Jack Dorsey's company Block, is working on a Web5 decentralized web platform. This platform aims to introduce decentralized identity and data storage to applications, offering users more privacy and control over their data. It seeks to create a more open and secure internet experience.

TBD's Web5 platform will include various components and utilize decentralized identifiers to enable a decentralized web experience. The goal is to empower users and give them greater ownership of their data while promoting a more resilient internet infrastructure.

The upcoming text-based app from Meta and the development of TBD's Web5 platform reflect the growing interest in decentralized social media and the desire for user autonomy and data ownership. These initiatives signify a shift towards a more user-centric and decentralized internet landscape.