The idea of Decentralized social media continues to gain some good traction with users having concerns about the centralized nature of traditional platforms and the potential for censorship.
Even former CEO of Twitter, Jack Dorsey has pushed for a decentralized Twitter alternative.
Decentralized social media have the potential for users to own their content, their data and make its monetization decisions.
Decentralized social media platforms can be profitable for the users and platforms itself.
Credits: Techcrunch
There is a possibility for users on decentralized social media platforms to enable ads or monetize their content. That means power, more optionality and revenue to the content creators on the platform.
Web3 social media platforms have the potential to take influencer marketing, product placement and social advertising to the next level and democratize them further.
Advertisers may want to partner with content creators, communities for displaying their ads.
Decentralized social media will require regulationa to protect users data and privacy or to prevent misinformation from spreading.
It's good to have clear regulations that are being agreed upon by society generally.
DAO is something that can be a way to self regulation and make decisions as a community.
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