About

Founded

2019

Headquarters

Remote

Industry

Cryptocurrency

Company Description

DeSo is a new layer-1 blockchain built from the ground up to decentralize social media, and scale storage-heavy applications to billions of users.

Quick Links

Website Jobs

Funding

Total Raised

$200 million

Valuation

Undisclosed

Significant Investors

Sequoia Capital, Andreessen Horowitz, Coinbase Ventures, Hack VC, Ideo, Blockchange, Polychain Capital, Pantera Capital, TQ Ventures, Variant, Winklevoss Capital

Company Traction

As of May 2023, DeSo reported 2 million wallets (i.e., 2 million users), $85 million+ transactions, $2 billion total transaction volume, and $30 million in creator earnings on their blockchain.

As of May 2023, 200+ run on the DeSo blockchain, including Openfund, Desofy, and Diamond.

Leadership Team

Nader Al-Naji: Founder & CEO of DeSo. Former Founder & CEO of Basis.

Ed Moss: Head of Growth at DeSo. Former Senior Manager, Growth at Wish.

Piotr Nojszewski: Head of Research at DeSo. Former Research at Boston University.

Press

Cointelegraph (February 7, 2023): Coinbase-backed DeSo unveils MegaSwap, a ‘Stripe for crypto’ product, with over $5M in volume

CoinDesk (October 5, 2021): DeSo Launches $50M Fund for Decentralized Social Ecosystem

The Block (September 21, 2021): BitClout creator launches 'Decentralized Social' blockchain with $200 million in funding from a16z and others

DeSo