How Decentralized Social Media App For Web3 Will Be

Web3 is the most recent version of the internet, and it comes with a lot of innovations.

Web3 is defined as the internet owned by the builders and users, orchestrated with tokens.

The decentralization features of Web3 make it easy for developers to create their platforms and become stakeholders in Web3.

Web3 could be deployed in natural learning, artificial intelligence, distributed computing/ networking, and dimensional interfaces.

Web3 combines the features of the first (Web1) and second (Web2) generations of the internet and adds smart innovations.

Some of the notable social media apps on Web3 include Peepeth, Rekt. news, and Mirror.XYZ, etc.


The concept of Web3 is not new to internet users. Albeit, the hype, and buzz around it suddenly became multiplied.

While some experts regard it as the upgrade of previous versions of the internet, others consider it a chip off the old block.

In this article, our focus will be on the idea behind Web3 and the Decentralized social media apps available on Web3.

Let's dig in!

What Is Web3?

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Web3 is deployed over decentralized blockchain technology. Digital ledger systems and cryptocurrency use the same technology.

Packy McCormick, who made the term “Web 3” popular, defined it as “the internet owned by the builders and users, orchestrated with tokens.”

It is expected that Web 3 will combine data security, improved scalability, and advanced privacy features. The decentralization feature of Web 3 makes it easy for all participants to join, and it requires low entry criteria to become a stakeholder in web3.

Web 3 prioritizes decentralization and allows every developer to be a creator (once you meet the prerequisite conditions).

The idea behind Web 3 is robust.

It could be deployed in the following ways; blockchain for generalization, natural learning, artificial intelligence, distributed computing/ networking, and dimensional interfaces.

Experts assert that there are no limits to what you can build or create on Web3. So far, you can build play to earn video games, you can mint your digital media into Non Fungible Tokens, and you can also build and participate in a decentralized social network.

The first version of the Website, Web1, was regarded as the internet of blogs, message boards, and early portals like Compuserve.

In 2005, the next version of the Internet, Web 2, was launched. This internet era was characterized by social media networks that include Twitter, YouTube, and Facebook.

Today, we are witnessing the launch and take-over of the internet space by Web3. Web 3 will replace the previous Web2 version by deploying open protocols, decentralized platforms, and shared networks.

You can imagine what a social network built by Web 3 technology will look like.

What Some Web2 Social Media App Will Look Like In Web3

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Experts considered some of the prominent social networks on Web 2 and suggested how they would be deployed on Web 3. They include;

Facebook

The web3 version of Facebook will allow users to monetize their data and (most likely) earn cryptocurrencies from other users that watch and engage your posts.

The distinct feature of Web3 on Facebook will be that everybody can earn by posting interesting content. So instead of coming online and exhausting your data, you will get tips for the data used in creating the contents.

Spotify

Another app that experts think will fare well on Web3 is Spotify. The web3 version of Spotify will allow music fans to buy stakes in musical content before being released by artists.

When the artists launch their music, those who bought stake will automatically earn a percentage of their streaming royalties.

Twitter

Experts had opinions on the governance protocol of twitter. If it were a Web3 version, the banning of accounts, blocking, and suspension of accounts would be subject to votes and consensus.

These decisions will be delegated to other Twitter users who have voting power. These users will be stakeholders, and they will decide whether such individuals have violated the rules or not.

The applications mentioned above and their operations in Web3 are just opinions and imaginations of experts. It doesn't mean that these social media apps will eventually start operating in this centralized manner.

It is essential to underscore some of the prominent social media apps that have been launched and deployed over the web3 technology.

Decentralized Social Media Apps On Web3

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The popular social media apps on Web3 include;

Rekt. news

Rekt. news is also referred to as the Dark web of DeFi journalism. This social media app functions on the Ethereum blockchain.

Rekt is an anonymous platform for authors to publish news across all facets of life. You can publish articles on this platform without fear of censorship.

Rekt has a content regulation protocol that ensures only valid stories and information are published. This social media platform only supports verifiable claims and high-quality journalism.

Peepeth

Peepeth runs on the Ethereum blockchain and stores all user data on the blockchain. It is regarded as the Web3 alternative to Twitter.

You can post peeps (similar to tweets) in Peepeth, acknowledge other users' posts, give them votes, and pin their contents on your profile. You can also earn tips in ETH for posting beneficial and interesting content.

Peepeth allows you to link your social media pages to your profile via blockchain technology. With this feature, you can easily detect genuine profiles of individuals from scammers.

Mirror.XYZ

The Mirror is a social media blogging site developed on the Ethereum blockchain. To become a publisher on Mirror, you need the $Write utility token.

As an authorized user on Mirror, XYZ, you can create publications, crowdfunds, and auctions. It is quite cumbersome to maintain membership as a mirror publisher.

You will be assigned a topic every week, and you are expected to write a brief on the topic. When you submit the brief, other users will vote for you and your content to get the next access.

Conclusion

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The web3 version of the internet has no limit. For creative developers, you can build as many decentralized apps as possible.

The platform supports innovations and allows you to deploy smart codes for several purposes.

The distinct features of Dapps built on the web3 platform are more scalable, speedy, and privacy-focused user engagement. The community governance and consensus protocol make it one of the best innovations on the internet today.



Author: Valentine. A, Gate.io Researcher
This article represents only the researcher's views and does not constitute any investment suggestions.
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