Ylide Social hub: The new decentralized social networking & chatting platform formed by Polygon & Ylide collab

Ylide has announced its partnership with Polygon through an official blog post, sharing the mission that it is about to bring an innovative product to the market – Ylide Social Hub.

The primary objective of the strategic partnership is to allow users to chat securely without the intervention of a third party, otherwise said to be a centralized party. Hence, accelerating decentralized communication among Polygon users. As a decentralized protocol, Ylide looks to empower users to take control over their chats and networks.

Through the partnership, Ylide looks to leverage the scalability offering of the Polygon network so that users can process their communication with NFTs and tokens. The innovative integration of the latest tools opens the doors to decentralized communication, making Ylide Social Hub the ultimate destination.

Members who sign up on the platform will be able to access content related to cryptocurrency. Additionally, they will be directly connected not just to their peers but also to the projects they wish to follow for development. Ylide Social Hub comes packed with feeds that displays information gathered from Web2 and Web3 sources.

It could include Discord, Twitter, Mirror, and/or Telegram. Users can stay ahead of the curve with all the recent information about the crypto market.

An on-chain mailbox is being provided to ensure that users have a dedicated space for receiving all the communication from their peers and projects. The entire mechanism is backed by blockchain technology. Ylide has also announced that the mechanism will enable it to distribute rewards to the users to enhance their experience. Rewards here refer to tokens and non-fungible tokens.

A peek into the short-term roadmap highlights that there are plans in the pipeline to further upgrade the project with the provision of smart and personalized tools that will be developed after studying the on-chain analytics of the wallets of users. Ylide has specifically highlighted that no matter the kind of upgrade that is deployed, there will be absolutely no compromise with the aspect of privacy.

Sandeep Naiwal, a co-founder of Polygon, has called it a key component to bring decentralized social networks and chatting to the hands of the users.

Users can try the social hub by accessing the official website of Ylide. Developers can build wallet-to-wallet communication apps easily with the assistance of Ylide. It is a perfect fit for every case because it brings interoperability, Web3 architecture, and flexible monetization as some of the key elements.

Use cases supported by Ylide are:

  • Wallet-to-wallet communication
  • Platforms for creators
  • Customer support
  • DAO communication
  • Marketing & Advertisements
  • Blogs, news, & forums

The platform is backed by blockchains like Ethereum, BNB Chain, Polygon, Everscale, and Gnosis Chain. Wallets that have so far partnered with Ylide are Metamask, Coinbase Wallet, Trezor, Ever Wallet, and Ledger.

The new messaging and social app is presently only for Polygon users. There is a wide scope for a strategic partnership to bring products that expand the horizons of the community.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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