At a Consensus 2023 panel called “Laying Web3's Foundation With Decentralized Social Networks and Data Rights,” MeWe CEO Jeffrey Edell stated that the move will allow MeWe to make a permanent commitment to data ownership for users:
Blockchain is like doubling down on privacy. So now you’re allowing the technology to do what companies promise [...] Someday MeWe could get acquired by someone, a big company, and in that instance, the privacy aspects could be lost, but once we commit to the blockchain, we’re committing to that privacy side.
“We never surveilled, we never amplified bad news or misinformation, that’s just not something we do, so we’re very logically set up to move into the web3 world, he said before adding, we have to sort of march into that slowly and prudently, but with full commitment.”
According to the announcement, the integration between MeWe and Frequency is based on the Decentralized Social Networking Protocol (DSNP), which Woodham worked on as part of Frank McCourt’s Project Liberty. McCourt allocated $100 million to the project in June, 2021.
Amplica Labs was the initial technical contributor to Frequency. Their President, Braxton Woodham, who was also on the panel, emphasized that the partnership between Frequency and MeWe will not solve all problems in social media right away. However, he claimed that it will provide a basic framework that app developers can build upon to fix a variety of problems in the future.
“Social networks involve a lot of different problems, ranging from the user experience to moderation to AI algorithms for curation, he said before explaining that it's virtually impossible to solve all problems at once, and so the approach we’ve been taking together is, let’s link our digital presence together on the web to create the social web. That sets up the ability to attack the data layer and approach those difficult problems.”