Record, Recreate and Resonate: Welcoming Social Platforms into the Blockchain...
Social media continues to transform the world of communications and marketing. Platforms within the space currently enjoy some of the greatest popularity they have ever seen. October 2021 research from Global WebIndex reveals about 57.6% of the globe’s population uses social media, spending about 2 hours and 27 minutes on platforms each day. Usage spans across generational lines and demographics and unsurprisingly only spiked as COVID-19 lockdowns began to dominate the world. Additional research reveals the typical social media user participates on an average of 6.6 platforms. Some use....
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I. The flaws of centralized social media platforms & the problems can be solved by their decentralized counterparts Today we use social media applications such as WeChat, Discord, Twitter, and Facebook to transcend spatial/temporal limits and communicate with others, thereby minimizing the time needed for communication or social interaction. However, such centralized social media platforms […]
Social tokens could be the next big trend in crypto this year, but regulatory concerns and specific use cases remain unclear. The COVID-19 pandemic, along with other recent events, have revealed the need for a fully digital economy, giving rise to Metaverse ecosystems, Web3 platforms and the adoption of digital currencies. For example, the Ukrainian government recently reached out to the crypto community on Twitter asking for donations in Bitcoin (BTC), Ether (ETH) and Tether (USDT). Nonfungible tokens, or NFTs, have also gained mainstream adoption as artists and creators across the globe....
Social media, a relatively old concept and way of connecting people have existed since 1997. Yes, over 2 decades old. It has continuously evolved so much that we cannot fully comprehend it any longer! And now there’s blockchain, again over a decade-old science, which has since taken off. We’d think that the only connection blockchain would have is with finance and technology. However, the reach that blockchain has is massive. That’s what The LoveChain took advantage of unleashing. A way to bridge the gap between regular old social media, to the decentralized future version of it, via....
New social media platforms are starting to emerge that utilize blockchain and distributed ledger technology in an effort to build platforms where users are in control on of their data and more expressive choices are available. The development in the industry's startup ecosystem coincides with a growing disillusionment with the traditional social media platforms. But will security, control and less exploitive content be enough to compel people to start over? Dor Konforty, CEO of Synereo, one of the next-generation social platforms, thinks so. But, he believes this transition will happen in....
The popularity of cryptocurrency and blockchain technology has begun to transcend into other industries and will soon change things forever. The recent uptick in interest can be seen on social platforms like TikTok, and traders streaming their scalping sessions online via Twitch and other platforms has caught fire. The problem with this setup is that […]