{"id":16602,"date":"2023-05-20T04:46:14","date_gmt":"2023-05-20T08:46:14","guid":{"rendered":"https:\/\/demo2.dedicatedhost247.com\/crypto\/instagram-to-reportedly-launch-text-based-app-to-rival-twitter\/"},"modified":"2023-05-20T04:46:14","modified_gmt":"2023-05-20T08:46:14","slug":"instagram-to-reportedly-launch-text-based-app-to-rival-twitter","status":"publish","type":"post","link":"https:\/\/demo2.dedicatedhost247.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":"


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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<\/a> 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

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Meta\u2019s been briefing creators on it\u2019s upcoming text-based app \u2014 now looking at a possible late June launch. <\/p>\n

Details are in my newsletter but I\u2019ll list some highlights pic.twitter.com\/KYqqXjrRmD<\/a><\/p>\n

\u2014 Lia Haberman (@liahaberman) May 19, 2023<\/a><\/p><\/blockquote>\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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Screenshots of Instagram\u2019s new text-based app. Source: Twitter<\/em><\/figcaption><\/figure>\n

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

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Confirmed with sources that Instagram is working on a Twitter competitor (a separate app) for release this summer. It might eventually be compatible with open solutions like Mastodon. Credit to @liahaberman<\/a> @MattNavarra<\/a> @CaseyNewton<\/a> for earlier deets https:\/\/t.co\/f2KNITGZy6<\/a><\/p>\n

\u2014 Sarah Frier (@sarahfrier) May 19, 2023<\/a><\/p><\/blockquote>\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<\/a>\u00a0in March when it said<\/a>, \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><\/a><\/p>\n

With a vision to impart further decentralization in the internet, TBD \u2014 a division of Jack Dorsey<\/a>\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