Hashing It Out: A case for Web3 social media, and is Friend.tech a safety?


The Web3 business continues its mission to disrupt the World Wide Web, and social media is considered one of its main targets. In the thirty fourth episode of Cointelegraph’s Hashing It Out, host Elisha Owusu Akyaw interviews Ryan Li, co-founder of CyberConnect, concerning the idea of decentralized social media. 

Li kicks off the episode by explaining the rationale behind creating social media platforms working on blockchain. Li factors out that Web3 social media platforms give content material creators the boldness that they received’t be deserted when the platform will get greater or shifts its focus to advert income, in contrast to conventional platforms. This characteristic is constructed on prime of a decentralized monetary system, and the speculative nature of the house creates a robust case for SocialFi.

Li additionally highlights updates in recent times which have shone a highlight on decentralized social media functions. Developments just like the addition of account abstraction by CyberConnect and new gamified methods to extend engagements on SocialFi platforms have created some buzz across the sector.