DeSo Foundation is hiring a
Web3 Chief Business Officer

Compensation: $84k - $100k *

Location: Remote

DeSo is a layer-1 blockchain, like Bitcoin or Ethereum, that recently listed on Coinbase, has accumulated over 1.5 million accounts, and just crossed over $1B in volume transacted on-chain. DeSo is backed by Sequoia, Andreessen Horowitz, Social Capital, Coinbase Ventures, Winklevoss Capital, TQ Ventures, PolyChain, Pantera, Blockchange, Distributed Global, NIV, DCG, Arrington Capital, Long Journey Ventures, Nima Capital, Variant, Abstract Ventures, ParaFi, HackVC, and many others (full list on deso.org).

Our mission is to decentralize social media the same way Bitcoin and Ethereum are decentralizing the financial system.

As a layer-1 blockchain, DeSo can be compared to other blockchains like Bitcoin, Ethereum, Solana, Avalanche, etc... However, DeSo has several major advantages over these platforms, the largest being that it is designed to power storage-heavy applications (like social applications and marketplaces). To put it in perspective, storing just a 200-character "Tweet" on Ethereum costs ~$80, and costs ~$0.25-$1.00+ on Solana, Avalanche, Polygon, and virtually all other smart contract chains. In contrast, it costs 1/1,000th of a penny on DeSo, which is why breakthrough apps like Diamond, Cloutfeed, Pearl, OpenProsper, NFTz, Entre, Cloutavista, and DAODAO are now possible exclusively on DeSo.

DeSo’s Mission

Today, social media is even more centralized than the financial industry was prior to the creation of Bitcoin. A handful of private entities effectively control public discourse, and earn monopoly profits off of content that they don't even create. Society’s answer to financial centralization was not to put Warren Buffett in charge of money, it was to use technology, namely Bitcoin, so we could have nobody in charge.

We believe the same type of technology will cause this conclusion to ultimately play out in social. DeSo’s advantages make it capable of breaking this status quo for the first time, and bringing competition and innovation back to social in much the same way Bitcoin and Ethereum have done for our financial system. Moreover, if DeSo succeeds, we will no longer need individual "dictators" to set a homogenous moderation policy for hundreds of millions of people.

DeSo's Potential

You may notice that crypto has disrupted finance, but not yet social media or marketplaces. This is actually a tech scaling problem, not a product problem. DeFi apps are "finite state," meaning they have very light storage requirements, which makes them possible within the limitations of existing blockchains. As an example, you could send funds back and forth between two people a million times, and all you’d need to store on-chain is two account balances (a few bytes). In contrast, with social apps, every post, follow, like, etc... generates new data that needs to be stored and indexed potentially forever (these are "infinite state" applications). Infinite state apps weren't possible before DeSo, and DeSo is now the only blockchain on the market capable of powering infinite state applications. This makes DeSo the first platform capable of building a network effect around open social content.

DeSo’s potential is especially exciting when one considers that content network effects have the potential to be much stronger than any of the network effects we’ve seen in DeFi (switching banks or exchanges is much easier than switching social networks).

Want to go deep? Check out this deep dive video from the founder himself to understand DeSo’s strategy, and how we go from where we are today to becoming the dominant social platform.

Backers & Growth

DESO is backed by Sequoia, Andreessen Horowitz, Social Capital, TQ Ventures, Coinbase Ventures, Winklevoss Capital, PolyChain, Pantera, Blockchange, Distributed Global, NIV, DCG, Arrington Capital, Long Journey Ventures, Nima Capital, Variant, Abstract Ventures, ParaFi, HackVC and many others (full list on deso.org).

DeSo recently listed on Coinbase, has accumulated over 1.5 million accounts, and just crossed over a billion dollars in volume transacted on-chain. All this in under one year since launch!

Around the corner, several breakthrough apps such as DAODAO, Desofy, Pearl, and many others are launching, making it the most exciting time to join in DeSo’s short history (DAODAO password = “wagmi").

The Organization

People: We have ~15 people total. Roughly half are engineers. Nader Al-Naji is the Founder.

Nader is a technical founder, formerly the founder of Basis, a pioneer in the algorithmic stablecoin space that raised $133 million from prominent investors. Nader started DeSo in early 2019, developed all of the early technology behind DeSo, and has since raised over $200 million for the project as a solo founder. Before Basis, Nader worked as a quant at D. E. Shaw and an engineer in ads and search at Google. Nader studied computer science at Princeton where he graduated summa cum laude one year early in 2013, and where he also managed to mine 23 Bitcoin on free campus electricity.

The DeSo Foundation Structure

DeSo’s structure is similar to Ethereum and other "foundation-based" projects. The DeSo Foundation is a Delaware nonprofit that is predominantly responsible for developing the DeSo blockchain (although all of DeSo’s code is open-source, and anyone can contribute to it).

Although the DeSo Foundation contributes to the DeSo blockchain, all of the economics for investors and employees come solely through holding DESO coins. There is no secondary instrument like equity-- all investors, employees, and users of DeSo apps own the same asset, which is DESO.

Apply Now:

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Compensation: $84k - $100k *

Location: Remote

This job is closed


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