What’s So Good About Web3 Social?

TL;DR

• Lens protocol simply raised $15M to proceed constructing out the way forward for Web3 social.

• Web3 social platforms can look/really feel/function similar to their Web2 equivalents. The large modifications come beneath the hood.

• On Web3 social platforms, your username, images, movies, textual content posts, messages, followings, and information just isn’t solely owned outright by you – however it’s all transferrable between apps.

• The catch? If you wish to use a social platform constructed on Lens, that you must pay a tiny price for every publish you make.

• For context, 5 posts per day will value you roughly $2.50 per 12 months.

Full Story

Alright, let’s dial issues again and get enthusiastic about some constructive ahead momentum.

Lens protocol simply raised $15M to proceed constructing out the way forward for Web3 social.

In the event you’re questioning how Web3 social is totally different to Web2 platforms like Instagram, TikTok, Twitter and so forth. – it isn’t.

…a minimum of, not on the floor.

Web3 social platforms can look/really feel/function similar to their Web2 equivalents. The large modifications come beneath the hood.

Mainly, Web3 social platforms which can be constructed on a shared protocol (or ‘rule set’) like Lens have a one very alluring function:

Your username, images, movies, textual content posts, messages, followings, and information just isn’t solely owned outright by you – however it’s all transferrable between apps.

Think about if IG, TikTok, YouTube, and Snapchat every needed to pay you, with a purpose to entry your information.

(And if at any level you did not like what they have been doing, you may simply up and depart with your entire followers and content material!)

Now…this is the catch:

The financial fashions of Web3 social are but to be perfected.

Proper now, if you wish to use a social platform constructed on Lens, that you must pay a tiny price for every publish you make.

Convincing of us to change to a paid model of one thing that is often free?

Good luck!

This is our guess out how Web3 social will evolve:

To scale up, these platforms might want to have each free and paid choices.

(For context, 5 posts per day will value you roughly $2.50 per 12 months).

Both approach, very thrilling to see this idea get funded!