HOME Protocol announced that it will release a decentralized social application in early September to promote the implementation of digital identity for the "Network Nation"
Odaily Planet Daily reports that the Web 3 social protocol HOME Protocol will officially launch its first decentralized social application in early September. The application will integrate its proprietary DID (decentralized identity) system, allowing users to generate a universal global identity through a crypto wallet, enabling cross-platform social data migration and censorship-resistant content storage.
Inspired by Balaji Srinivasan's "Network State" theory, HOME aims to build a decentralized digital social infrastructure through blockchain. Its social application supports end-to-end encrypted communications, an on-chain social graph, and privacy protections based on zero-knowledge proofs. Users can earn ecosystem tokens through a "chat-as-mining" mechanism. The protocol plans to distribute 50% of transaction fees to content developers and to issue digital land rights through NFTs.
