Meta is building a decentralized, text-based social network

"The app is codenamed P92 and will allow users to log in through their existing Instagram credentials..Individual servers would let different groups set their own community standards, though likely with a “floor” of rules set by Meta, in a fashion similar to how Reddit’s individual communities work. And making its network interoperable with others could help Meta as it faces ongoing scrutiny over whether it has maintained its market power through anti-competitive acquisitions...The P92 app will support ActivityPub"