Strong backing from leading crypto figures as part of a push to escape big tech censorship has been drawn by a new Social media platform called Locals
Also, including a backing from the co-founder of Morgan Creek Digital Assets, Anthony Pompliano, former Coinbase CTO Balaji S. Srinivasan as well as Alexander Lloyd, co-author of The Little Bitcoin Book, Locals Technology, Inc. announced a $3.8 million seed investment round on April 20
Locals technologies was joined by people like Scott Adams because it aide him to take charge of his content, because he was afraid of what content to post in order to avoid being demonetized or banned.
“Before Locals, I couldn’t control what anybody saw because Twitter could shadowban me, YouTube could demonetize me and it looked like one wrong move and I would just be out of business. I was putting tons of work into something that I had no control over. These platforms could just snap a finger and I’d be out of business.”
While the platform is not blockchain-based, it’s likely to be of interest to crypto influencers who have fallen victim to similar shadow bans, demonetization, video deletion, and algorithms that reportedly work against crypto content.
Co-founder and CEO Assaf Lev noted on the company’s website the aim of the platform was put creators back in control:
“We created locals.com to give creators more—more money, more control, and true ownership over their own content and audience.”