Web3 Investors are optimistic about the DeSoc sector, actively investing in projects that aim to disrupt the dominance of social network firms over their users. But are users empowered with the new media?
After purchasing BitTorrent for $140 million, Justin Sun implemented a no-moderation strategy that has come under scrutiny for potentially fostering illegal content distribution.
The zero-knowledge privacy application is gaining momentum on Farcaster, which has been grappling with a 96% decline in monthly revenue since February.
The zero-knowledge privacy application is gaining momentum on Farcaster, which has been grappling with a 96% decline in monthly revenue since February.
Web3 Investors are optimistic about the DeSoc sector, actively investing in projects that aim to disrupt the dominance of social network firms over their users. But are users empowered with the new media?
After purchasing BitTorrent for $140 million, Justin Sun implemented a no-moderation strategy that has come under scrutiny for potentially fostering illegal content distribution.
Paragraphs' takeover of Mirror and the emergence of Kiosk, a Web3 social media platform and Farcaster client with NFT integration, suggest active developments in DeSoc segment
Friend.tech's rapid decline underscores the volatility of DeSoc projects. Meanwhile, Farcaster and Lens Protocol emerge as robust alternatives, demonstrating significant user engagement and innovative features to enhance the decentralized social experience.
