Fun

News Feed - 2023-10-26 09:10:00

Elisha Owusu Akyaw11 hours agoHashing It Out: A case for Web3 social media, and is Friend.tech a security?CyberConnect co-founder Ryan Li believes that creators who want their content to live forever will ditch Web2 social media platforms for Web3 alternatives.3726 Total views6 Total sharesListen to article 0:00PodcastJoin us on social networksThe Web3 industry continues its mission to disrupt the World Wide Web, and social media is one of its primary targets. In the 34th episode of Cointelegraph’s Hashing It Out, host Elisha Owusu Akyaw interviews Ryan Li, co-founder of CyberConnect, about the concept of decentralized social media. 


Li kicks off the episode by explaining the rationale behind creating social media platforms running on blockchain. Li points out that Web3 social media platforms give content creators the confidence that they won’t be abandoned when the platform gets bigger or shifts its focus to ad revenue, unlike traditional platforms. This feature is built on top of a decentralized financial system, and the speculative nature of the space creates a strong case for SocialFi.


Li also highlights updates in recent years that have shonea spotlight on decentralized social media applications. Developments like the addition of account abstraction by CyberConnect and new gamified ways to increase engagements on SocialFi platforms have created some buzz around the sector.


A decentralized social media platform taking the space by storm recently is Friend.tech. The platform became the most used decentralized application on Coinbase’s Base network after recording revenue of 10,663 Ether (ETH), with total value locked of over 30,000 ETH in less than two months. Despite the growth, the platform has attracted critics, and Li shares an interesting opinion about the platform, describing it as a security:“However, when you say if it’s a security, I would kind of say it might be because the price of a key, even though it’s trading against a battling curve, it’s not trading with another person.“


Beyond decentralized social media, Owusu Akyaw and Li discussed how the latest changes at major platforms like Meta and X (formerly Twitter) affect adoption. Li explains that X’s new monetization strategy and Meta’s seemingly unsuccessful experiment with Threads may catalyze Web3 social media adoption. According to the CyberConnect co-founder, users are likely to make a move due to a single feature they love and stay because of the infrastructure they find.


Listen to the latest episode of Hashing It Out with Ryan Li, co-founder of CyberConnect, on Spotify, Apple Podcasts, Google Podcasts or TuneIn. You can also check out Cointelegraph’s full catalog of informative podcasts on the Cointelegraph Podcasts page.


This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.# Blockchain# Business# Ethereum# Podcast# Social Media# Web3# Hashing It OutAdd reactionAdd reactionRead moreBlockchain companies are creating AI chatbots to help developersUK’s FinProm a welcome change, but challenge persists — Transak compliance headFriend​.tech copycat Stars Arena patches exploit after some funds drained

News Feed

Still Waiting For An Altcoin Season? These Metrics Show Why It Might Never Happen
Este artículo también está disponible en español. Bitcoin has yet to relinquish its dominancein this market cycle, leaving many investors still holding onto hopesfor the
Turner Wright7 hours agoAs trial begins, Sam Bankman-Fried’s lawyers push to exclude testimony from FTX usersSam Bankman-Fried’s legal team has requested the court block certain witnesses offering testimony on how th
Jesse Coghlan7 hours agoCrypto firms have already breached new UK promo rules 221 times, says FCAMany of the firms the FCA warned were breaching the new rules appear to be dubious high-yield return schemes, but legitimat
Electric Coin Company Reveals Zcash Network to Transition to Proof-of-Stake in 3 Years
Electric Coin Company Reveals Zcash Network to Transition to Proof-of-Stake in 3 Years On Friday, Electric Coin Company (ECC), the developers behind the privacy-centric crypto-asse
Enforcement of South Korean virtual assets law prescribed in decree
Derek Andersen5 hours agoEnforcement of South Korean virtual assets law prescribed in decreeThe details of enforcing the Protection of Virtual Asset Users Act are not contained in the bill, which comes into force July 19
Nigerian Crypto Payment Gateway Fluidcoins Acquired by Seychelles-Based Crypto Exchange
Nigerian Crypto Payment Gateway Fluidcoins Acquired by Seychelles-Based Crypto Exchange The Nigerian crypto payment gateway Fluidcoins was recently bought for an undisclosed sum by
Paraguay miners urge state electricity board to reconsider upcoming price hike
Ezra Reguerra10 hours agoParaguay miners urge state electricity board to reconsider upcoming price hikeCapamad spokesperson Jimmy Kim claims that the electricity price increase set for Aug. 1 may force 70% of legal crypt
5 Best Cryptocurrency to Invest In as Bitcoin Reaches $108K All-Time High & $WLFI Buys $48M $ETH
Este artículo también está disponible en español. Bitcoin is showing no signs of slowing down, and why would it? As Donald Trump, w
Bitcoin Entrepreneur Brock Pierce Joins the 2020 US Presidential Election
Bitcoin Entrepreneur Brock Pierce Joins the 2020 US Presidential ElectionBlockchain entrepreneur and former Disney child actor, Brock Pierce, is running for President of the United
Report: Saudi Arabia’s Central Bank Hires Virtual Assets and Digital Currency Program Lead
Report: Saudi Arabia"s Central Bank Hires Virtual Assets and Digital Currency Program Lead The Saudi Arabian central bank has reportedly appointed Mohsen Al Zahrani as the lead of
Martin Young4 hours agoEthereum LSDFi sector grew nearly 60x since January in post-Shapella surge: CoinGeckoThe LSDFi sector’s total value locked has grown 5,870% since January as ETH holders seek better yields.852 Tot
London Stock Exchange’s LCH SA to Clear Bitcoin Futures and Options on GFO-X Through New Service
London Stock Exchange"s LCH SA to Clear Bitcoin Futures and Options on GFO-X Through New Service On April 13, 2023, the London Stock Exchange’s LCH division, a clearing hous