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Meta working on a decentralized social media app: Moneycontrol
Meta Platforms, the parent company of the social media applications Facebook and Instagram, is exploring a decentralized text-based Twitter alternative.
China’s ‘Instagram’ gets NFT makeover with Conflux
Xiaohongshu, or “Little Red Book,” a popular social media application widely described as the Chinese equivalent of Instagram, has integrated layer-1 public blockchain Conflux Network, allowing users to showcase their non-fungible tokens on their profile pages, Conflux announced on Thursday.
Decentralized social media can change content ownership in 2023
NEAR Foundation’s Marieke Flament believes that Web3-based social media platforms could gain popularity in 2023.
Telegram plans decentralized crypto exchange, wallets following FTX collapse
Telegram plans to build non-custodial wallets and decentralized exchanges for cryptocurrencies following the collapse of the FTX exchange says CEO Pavel Durov.
Hong Kong residents spend most time online globally: NordVPN survey
Hong Kong residents spend the most time online – almost half of their lives – mainly watching videos on YouTube followed by scrolling through social media channels, according to a new survey by virtual private network provider NordVPN.
Twitter Users are Looking for Alternative
Elon Musk’s messy Twitter acquisition has users looking for a decentralized social media alternative.
Mastodon is the hot new alternative to Twitter: Can it decentralize social media?
Can decentralized platform Mastodon, named after an extinct elephant, replace the little blue bird that has dominated the world’s social media landscape for over a decade?
Half a million users move to decentralized alternative Mastodon following Elon Musk Twitter grab
Amid uncertainty and criticism following Elon Musk’s takeover of Twitter, nearly half a million users have flocked to Mastodon, a decentralized alternative.
Reddit teams up with FTX to innovate community points
Reddit has partnered with cryptocurrency exchange FTX to integrate the social network’s Community Points feature with FTX Pay to allow Reddit users to buy Ether on the app. See related article: Instagram expands NFT platform to 100 countries Fast facts FTX Tuesday said the partnership enables Reddit users to purchase the second-largest crypto by market […]
Instagram expands NFT platform to 100 countries
Instagram’s platform for non-fungible tokens (NFT), which the firm is calling “digital collectibles,” is now available in 100 countries, the Facebook parent Meta-backed social media giant said. See related article: Meta’s attempts at building a metaverse will ‘misfire’: Vitalik Buterin Fast facts With support for Coinbase and Dapper wallets added, Instagram now supports wallets from […]
How data unions can reshape the global data economy
Europe’s Digital Markets Act will soon take power over personal data away from Big Tech and give it back to the people. How can data cooperatives help?
China’s ‘Instagram’ gets into virtual fashion with users strutting NFT clothes
Will fashion shows move from Paris and Tokyo catwalks to potential audiences of millions in the metaverse? China’s Xiaohongshu social media site is testing the idea.
New York City pride parade will also be marching through the metaverse
LGBT event organizers see the metaverse as technology of the emerging Web3.0 world that opens doors and opportunities for marginalized communities.
Storm in a teacup? WeChat bans account for flipping NFTs
The ban comes as Chinese companies seek to comply with Beijing’s diktat against speculative activity in non-fungible tokens (NFTs). See related article: China’s diktat against NFT flipping spawns an ingenious industry Fast facts WeChat banned the official account of a Chinese NFT platform for “business activities related to secondary trading of digital collectibles or cryptocurrency.” […]
Google approves South Korea’s Cyworld metaverse app
Cytown, the metaverse currently being developed under South Korean software developer Hancom and local social media service Cyworld Z, recently received the green light from Google to launch a mobile app on the Playstore. See related article: Be kind, rewind! South Korea’s Cyworld is back in Web 3.0 avatar Fast facts Hancom will launch the […]
Is Elon Musk’s Twitter grab good for crypto?
Top blockchain and crypto news: Tweet dreams come true for world’s richest man. Instagram scam hits Bored Apes. Bilibili tests China’s NFT boundaries.
Elon Musk is buying Twitter to colonize our headspace and send his pet DOGE to the moon
Elon Musk’s Twitter takeover isn’t really about free speech, writes Ben Armstrong, aka BitBoy Crypto. It’s an attempt to push you out of Bitcoin and sell your data.
Be kind, rewind! South Korea’s Cyworld is back in Web 3.0 avatar
Time to dust off your Dotori. The social media platform that once reigned in South Korea is trying to make a grand comeback with in-game crypto, NFTs and the metaverse.
Zuckerberg confirms NFTs coming to Instagram
Meta CEO Mark Zuckerberg confirmed non-fungible tokens (NFTs) are coming to Instagram while speaking at the SXSW festival in Texas on Tuesday. See related article: What decentralization can offer Web 3.0 and social media | Part 1 Fast facts “We’re working on bringing NFTs to Instagram in the near term,” Zuckerberg said. Zuckerberg said the […]
How the market is evolving from GameFi to SocialFi — and what comes next
A blockchain is a database that can record all transactions and transfers for the entire world. All users can use public blockchain explorers to verify all data is correct. Blockchain facilitates transactions of virtual currencies like Bitcoin and Ethereum. Transactions that take place are fast, cheap, tamper-proof and irreversible. But blockchain technology is not limited […]
Straight shot: How sports stars are sidestepping middlemen in Web 3.0
A pro basketball player and an ex-banker are aiming for a slam-dunk with a ‘creator first’ content platform. Calaxy co-founder Solo Ceesay explains how.
Crypto ‘finfluencers’ are attracting a new following — of regulators
Online influencers may be improving crypto-financial literacy for millions of people. But regulators have growing concerns.
What lies ahead for the creator economy in 2022?
A new normal forced by the pandemic is bringing out a wave of creators and influencers for a decentralized economy, writes Alex Shkor of DEIP. Here’s what to expect in the year to come.
How will decentralized hosting change the future of social media? | Part 2
As social media’s influence on broader society continues to grow, decentralized platforms will mean less central moderation — for better or worse.
What decentralization can offer Web 3.0 and social media | Part 1
How blockchain technology can usher in the next stage of the internet and social media, through decentralized hosting and integration with cryptocurrency.
How subscription-based social media could lead to DLT’s mass adoption
Pay-for-play on Web 3.0 will instigate seismic shifts from centralized social media to community-driven platforms, writes Solo Ceesay of Calaxy. How would it work?