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I break down Web 3.0 and Decentralized Social Media as easily as possible so the average person who knows nothing about crypto can understand this billion-dollar opportunity.
Currently, the internet and primarily social media are run by a handful of conglomerate companies (Meta, Google, Bytedance, etc.). All of the data, ad revenue, censorship, etc., are kept by these 5 companies, and the users of these platforms gain nothing besides free dopamine hits from using these platforms.
There is a significant change happening with crypto where decentralization/blockchain technology has already disrupted the financial industry... and the billion-dollar question is, "What is the next industry it will impact?"
The $200+ Billion social media industry is even more censored and closed off than the current central banking system. The current social media platforms can ban any user at any time, hoard all of the data, keep all of the ad revenue, and offer minimal incentives for creators to spend t
Currently, the internet and primarily social media are run by a handful of conglomerate companies (Meta, Google, Bytedance, etc.). All of the data, ad revenue, censorship, etc., are kept by these 5 companies, and the users of these platforms gain nothing besides free dopamine hits from using these platforms.
There is a significant change happening with crypto where decentralization/blockchain technology has already disrupted the financial industry... and the billion-dollar question is, "What is the next industry it will impact?"
The $200+ Billion social media industry is even more censored and closed off than the current central banking system. The current social media platforms can ban any user at any time, hoard all of the data, keep all of the ad revenue, and offer minimal incentives for creators to spend t
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