Web3 Social: A booming space with an identity crisis

In web3 social, users own their identity, data, and the content they create for apps and protocols. Web3 social is a springboard into the world of DAOs (Distributed Autonomous Organizations), platformless social networks. Finally, it’s a new era for social media where users own the networks and protocols and create positive externalities for non-us... See more

If the goal of web3 is to overturn the Internet status quo, then the structure of social tokens today is fundamentally flawed from the ground up. Tokenized communities are centered around what you have — often social or financial capital — while they should instead be centered around what you do.

Since social platforms built on Web3 will adopt the principles of decentralization and privacy enabled by blockchain, people who are involved in this space have found creative ways to build a digital identity that demonstrates an alignment with those principles