Meta working on text-based decentralized social network codenamed P92

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Meta, the parent company of Facebook (NASDAQ:META) and Instagram, is reportedly creating a separate text-based content app that will support ActivityPub — the decentralized social networking protocol that powers Mastodon and other decentralized apps that compete with Twitter.

The upcoming app — codenamed P92 — will be Instagram-branded and allow users to log in with their existing Instagram credentials, according to a report by TechCrunch.

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