The internet's transition from Web 2.0 to Web 3.0 is happening right now, and it's making history by carving out a place for itself across many industries and altering the economic structures of several enterprises.
Blockchain-based innovations are also being seen in social media platforms, which are assisting them in interacting with users and making an impact. With Web 3.0's emergence, users will have access to significantly more advanced capabilities than those seen in Web 2.0. Blockchain technology is also well known for its defence against data fraud, ill-informed algorithm tweaks, and unnecessary content filtering.
The present trend makes it clear that decentralised platforms backed by blockchain and bitcoin are the way social media will operate in the future. Additionally, the Web3.0 mandate has demonstrated that it has some unique characteristics that are being used to appropriately reward content providers, reward users for participation, and increase transparency.
Here is the list of five platforms based on blockchain technology to watch out for:
Taki also allows users to create their own user coins to build their economy on the Taki platform. Taki facilitates more ownership and engagement with creators compared to other social networking platforms as there is an economic value attached to even basic actions on the platform such as liking a post, making a comment, or publishing content in general.