4 mins readWeb3 social media platforms are disrupting and reshaping the interactions among users. They are also changing the game in information exchange, marketing, and business launch. The following are the top 5 social media platforms you should be watching out for this 2023:
Audius
Audius users can now post their NFTs as Collectibles alongside track uploads
Catering to the music crowd, listeners, and creators alike, Audius serves as a streaming service that has a few cryptos baked into the DNA of the app. Audius is based on blockchain, with time stamps on the audio files to show their upload time. Although the app is still trying to find its feet around monetization, people get to earn audio tokens that they can trade on some crypto exchanges. Famous musicians who use the Audius: Kary Perry, deadmau5, Nas, Jason Derulo, Steve Aoki, SKRILLEX, REZZ, The Chainsmokers, alina baraz, 3LAU, etc.
Diamond App
Social network news feed
The Diamond platform focuses on content and truly lives up to the dream promised by Web3. It is decentralized, using blockchain for storing content like social graphs and blogs. It means that the posted content there is more portable among the different apps. This also allows monetization for the creators who want to form audiences.
Minds
The Minds is a platform promoting itself as a Facebook alternative but includes some features for monetization often seen in other platforms. This platform offers users rewards for interacting with it through new content posted.
Social network news feed
These rewards are in the form of the cryptocurrency Ethereum. Users are allowed to spend cryptocurrency on the website for funding their advertising. They are also allowed to support the rest of the site’s creators by pledging all or some of their crypto rewards to subscriptions to the rest of the users.
Plai Labs
The Plai Labs is often dubbed as a one-of-a-kind animal in the world of Web3. This is developed as a full-blown social media platform in the Metaverse called Massina. Its goal is to create video games designed for the Web3 realm.
See how far they've come!
The Champions Ascension is its initial foray into this gaming space where users play to earn rewards. Although the game is still in its early stages, this also harnesses the unique element of using NFTs as the design of the primary character.
While every NFT originates in-house for now and is only available at auction, the company has plans of allowing users into uploading their digital assets.
Steem
The Steem isn’t your typical social platform and instead, it is a framework for the rest of the social media platforms out there. The core design of Steem allows people to develop social apps while also supporting blogging platforms.
Credit: steem.com
It uses blockchain technology’s fundamental decentralized option. However, for creators, its primary attraction is the fact that they are given in-house cryptocurrency as a reward.
While the rewards and their exact mechanics are complicated, the concept here is that the creators have access to a pool of rewards. The platform maintains the stability of the values by soft-pegging the cryptocurrency to the US dollar.
Final Thoughts
The impact of these Web3 platforms extends beyond conventional social media boundaries. They're revolutionizing content creation, monetization, and audience interaction. While still nascent, these platforms signify the rapid and transformative growth in the blockchain and Web3 space, presenting new opportunities and reshaping our online world. Let's embrace the future, one block(chain) at a time.
