The Ethereum-based social community Sapien has unveiled updates to its platform, in addition to a partnership with the preliminary alternate providing challenge, Matic Community.
"After a number of months of growth, we're launching the subsequent launch of our platform referred to as Alpha Persei," Sapien Community co-founder and CEO Ankit Bhatia advised Cointelegraph in an interview.
"That is an up to date platform throughout the board," he stated, highlighting new facets similar to Portis pockets integration and engine reconstruction pay. Sapien additionally secured placement on KyberWidget, permitting commerce between Sapien (SPN) tokens and Ether (ETH), in keeping with a press release.
Sapien labored with Matic Community for future developments
Sapien additionally introduced a partnership with the Coinbase-backed Matic Community, a blockchain scalability platform that raised over $ 5 million in capital throughout its first alternate providing in April 2019.
"We wish to use their expertise to construct a scalable decentralized Net three social community, and their expertise will assist us do this," Bhatia stated of Matic, including:
"We use Matic sidechains – they’re a plasma-based proof-of-stake (PoS) chain – to really allow our charging and inside promotions on the platform. So it will likely be used as an alternative of the mainnet for sending transactions, sending suggestions and selling high-quality messages and feedback. ”
"Will probably be the infrastructure we wish to construct on that’s way more scalable than the mainnet," he added, referring to the platform's present Ethereum-based community.
Sapien positions itself as a blockchain-based social media different
Sapien's social media platform is much like a blockchain-based model of Reddit – with a number of extra options, functionalities and capabilities, Bhatia defined. The platform focuses on person privateness and contains facets of stimulation. Bhatia added:
"In a method, we’re a social Net three community. In one other method, we are attempting to appropriate a number of the errors of earlier social networks by constructing a tokenized blockchain-based social community that’s way more clear than mainstream rivals."
If huge gamers like Fb proceed to leak personal knowledge could make folks query the implications of their present use of social media. This, in flip, might enhance the market share of blockchain-based alternate options.