BitClout family, today is a very big day for the project. Perhaps the biggest day since we launched in March.

Today, several critical things are happening:

* The blockchain powering BitClout, and the over 100 apps building on top of it (bithunt.com/explore), will now be known as the DeSo blockchain, short for "decentralized social." Check out deso.org!

* We are creating a non-profit called the DeSo foundation that will support the blockchain, and further a broad mission of decentralizing social media.

* The foundation will use a $200 million treasury raised from Sequoia, Social Capital, Andreessen Horowitz, and many others to support its mission. There is also a strategy to support everybody from developers, to NFT artists, to smaller creators and their coins, and we're very excited to announce all of those plans very soon.

Why are we doing this? 👇