Social media plays a huge part in our lives… We spend hours a day glancing into our screens, scrolling through and completely absorbed in the ideas and insights offered by these platforms. As the internet evolved, so did the scope for connection… And the result of that is social media.
But there is always room for advancements in the tech world, and with Web3 all set to be the exciting new iteration of the internet, social media, too, might be augmented by its integration. A worthy mention goes to the monetization opportunities offered by Web3 tech… With this coming into the picture, content creators and artists may be able to earn so much more through their social media presence! Curious to know more? Read on…
The Stories go on
A major concern in the world of social media is with regard to data privacy and censorship. As can be surmised, people are not happy! If the concept of decentralization which forms the foundation of Web3 is applied to social media, these issues could be mitigated.
Furthermore, it gives artists an opportunity to monetize their work. As is already the case, NFT marketplaces for digital collectibles are a boon for many creators. When social media platforms get into the game, artists could gain more from their content. This would also allow small-time artists to get their share of the limelight since Web3 is slated to be more equitable in nature.
Closing Thoughts
Web3 is at the threshold of revolutionizing so many sectors. And one realm that would receive considerable enhancement from it is, of course, social media. Social media platforms are already gearing up to embrace this innovation and we can hope to see more decentralized, equitable, community-driven platforms in the future.
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