Decentralized social media. With the ongoing account bans on Twitter, with YouTube handing out strikes, with Facebook stock on the decline, could it be that it’s time for web3 social networks to finally step up.
And if they do, if they become our new way of socializing online, how would they be different? What would web3 social media look like? What would we do differently? Those are some of the questions that we’re going to try to answer on today’s article.
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Decentralized Web3 Social Networks
There’s a growing feeling across every generation that social media hasn’t really lived up to its promises. Over the years, it has evolved into closed, financially driven, centralized networks that are constantly bombarded by privacy scandals and just endless allegations of censorship.
Web3 Social Media Vs. Traditional Social Media
There is one major difference in web3 social media. When it comes to censorship, we’re talking about freedom of speech. And that is one-way decentralized social networks have the opportunity to do something different. Now, let’s be honest. Freedom of speech is tricky.
Letting people decide what they want to read and hear and who they want to interact with for themselves has some obvious benefits which we can all agree on, like giving a voice to the oppressed, the censored, or the unheard.
Unless you’re a dictator, then, you know, freedom of speech sucks and definitely overrated. But when everybody has freedom of speech, everybody has freedom of speech sometimes. Especially when it comes to Web3 Social media platforms whether it’s decentralized or centralized.
If you’re constantly bombarded by messages and videos, images that are disturbing, that are violent, that you just don’t want to see, that may discourage you from actually using that social media platform, right?
So a free for all where everybody can just do whatever they want doesn’t really work. There needs to be some sort of moderation. But that doesn’t mean that web3 social networks need to moderate content in the same way that Twitter or Facebook or YouTube does.
The Web3 social networks have an opportunity to come up with some really innovative ways of moderating content, which doesn’t really rely on a centralized control or a one fits all worldview, and I’m really excited to share them with you guys.
Web3 Social Media Example
One Web3 social media platform suggests randomly selecting moderation juries who decide whether certain content is acceptable or not after it’s been flagged.
And we have five other decentralized social networks to cover, so make sure to stay until the end of the article.
Now, switching gears for a second, on a more technical side, I think you would agree with me that today’s social networks aren’t really built with the best user experience in mind. They’re built to keep your attention on the site for as long as possible, to show you as many as possible.
And on top of it, you can’t really move your photos or your status update from, let’s say, Twitter to Facebook, nor can you message someone from, let’s say, Instagram to WhatsApp, even if they’re owned by the same company, which is meta.
But imagine for a second that if sending email worked like this, if you wanted to email somebody that had a Gmail account, they would also need to have a Gmail address. And if you wanted to email, let’s say, somebody with a Yahoo or outlook account.
Web3 social networks talk to one another in just the same way that phones in different mobile networks do. In more practical terms, it means that you could interact with all your friends who hang out on other social media networks without actually needing to join those networks.
And you could easily move from one platform to another without any hassle of taking all your data, all your pictures, all your status updates, and so on.
And lastly, it would be very hard for governments to actually censor their critics and dissidents on Web3 social media networks. Now that you have an idea of what decentralized social networks bring to the table, let’s take a look at a few of the big players.
So make sure to comment your favorite social media decentralized social media platform and we’ll cover it in a future article.
List of Decentralized Web3 Social Media Platforms
1. Mastodon – Web3 social media
Now let’s dive in. The Mastodon network is essentially a decentralized version of Twitter, except it’s not a single website.
Instead, Mastodon is a global network of thousands of communities called instances, each of which is run by different people and organizations. Anyone can create and run their own community of Mastodon, just like anyone could build a website using WordPress.
Next up, we have Minds. Minds is an open-source platform designed for content creators to take back their Internet freedom, revenue and social reach.
Minds work just like Facebook or any other social media platform, but with a twist you’re actually paid for contributing to the network. Wired once described Minds as the anti-Facebook that pays you for your time.
The Mind homepage also looks a lot like Facebook, but just with a different color scheme. And you can post statuses images, videos and blog posts, as well as chat to your friends through messages or videos.
Fortunately, Mines has a backup plan just in case civil discourse doesn’t go according to a plan called Content Juries. Every time content is flagged, a jury of twelve random users are selected to decide whether the content should be allowed to stay up or not.
3. Steem – Web3 Communities and Opportunities
Next up, we’re looking at Steem. Steam is a social blockchain, perfectly designed for the app builder who wants to create social and content-focused applications.
Anyone who wants to build on Steem doesn’t have to go through the trouble of creating their own blockchain from scratch. The Steam blockchain offers near-instant and fearless transactions, and the developers claim that it handles more transactions than bitcoin and theorem combined.
It was actually the first blogging platform to use crypto as its reward mechanism.
Next up we have Audius, one of the leading decentralized streaming platforms with more than 6 million monthly users. Audius is a blockchain-based music streaming platform built to fairly reward artists and give unsigned musicians a way to publish their music, grow their following and interact with their fan base without ever needing to sign a record deal.
Diamond is a significant one from the DeSo blockchain and a decentralized alternative to Twitter.
It is also an improved version of BitClout, which gained notoriety for using celebrity names to steal and then sell their tokens.
On the other hand, Diamond lets users buy and trade the tokens of their preferred influencers on the network. Readers have the option to commend platform users’ tweets. The software also enables currency launches by creators.
More Social Media Platforms to Watch in 2023
Mastodon, Minds & Steem is the best Web3 Social Network Sites.