Bringing social media into the Web3 technology stack aims to empower users and brands alike. Numerous projects and companies are building their “web3 social networking” hubs, although there are different approaches. In addition, technology can revolutionize the concept of content consumption and offer great improvements.

Project Liberty (Polkadot)

The tech industry has become a playground for billionaires in recent years. However, Frank McCourt aims to do things differently by building the Project Liberty company. McCourt acknowledges that Web2’s social networks have many shortcomings, including concerns about data privacy and user manipulation. McCourt’s next goal is to build publicly owned, open source infrastructure, and he turns to Polkadot to do that. The network is considered “social media responsive.”

The current plan is to launch Project Liberty as a parachute, though it may eventually grow into something bigger. There will also be a native token for the social ecosystem, used primarily to manage stable bandwidth resources for messaging and other platform features. Project Liberty has received a $150 million commitment from McCourt and a clear three-year roadmap.

However, it is crucial to note that the billionaire is not the CEO of the project. There are also no shareholders with expectations and profitability requirements. Instead, the project revolves around a community effort, with the help of experts from various fields.

snapmuse.io

The Snapmuse.io team intends to rewrite the rules of engagement for consumers and fans of content. Fans can partner with their favorite content creator channels. Creators can “coin” part of their channels to build stronger community ties and forge new partnerships.

Fans can collect NFTs to become channel partners and NFT holders can get discounted SMX tokens based on the channel’s monthly ad revenue. Strengthen the bonds between fans and creators while aligning monetary options that benefit everyone.

Also, Snapmuse.io comes with a catalog of royalty-free music. That will significantly benefit YouTubers, as using royalty-free music is always a tricky task. Having more resources at our disposal is a good thing.

Taki (Solana)

Taki positions itself as a social network powered by Web3 to create better communities. Users are rewarded with a share of the network for being active on the platform and helping it grow. Also, TAKI tokens offer daily rewards for doing things one would do on other social platforms like liking posts, commenting, etc. It is a social network in which you participate to win where freedom of expression and movement is encouraged.

The Taki network is open to anyone looking for a place where community involvement is the priority, not the exception. Whether one likes to share, create or comment, the option to earn $TAKI tokens is always there. Users can convert those assets into user currencies to represent the value and influence of content creators. Also, these rewards can be shared with other users to increase audiences and further decentralize ownership of the project.

Binance Source

Binance is the world’s leading cryptocurrency exchange and is committed to educating more people on all things cryptocurrency. Its Binance Feed solution provides access to Web3 and crypto news and notes from over 1 million daily users since its launch in October 2022. In addition, the platform is home to hundreds of content creators. As a priority platform for the community, Binance Feed wants to help content creators, influencers, and thought leaders share their experience and insights.

Additionally, the feed has a “learning” mechanism to provide users with content that aligns with their interests. Each click on a topic is meaningful and will help the Feed recommend other content to the user. Some users even find it a better experience than finding crypto news on Twitter as it has more active users in this specific industry. Also, content creation is easy and reader engagement is crucial. A solid example of what Web3 is.

Disclaimer: The ‘Crypto Cable’ section features information from cryptocurrency industry players and is not part of ZyCrypto’s editorial content. ZyCrypto does not endorse any company or project on this page. Readers should conduct their own independent investigation before taking any action related to the company, product, or project mentioned in this article.