5 Web3 Social Media Platforms You Should Know

Web3 social media isn’t to be confused with Web2 social media platforms offering users to use their PFP NFTs as their display pictures.

In fact, Web3 social media projects stand entirely separate from Web2 social experiences. They aim to tackle the problems the current platforms have and bring new approaches, like enabling users to have more control over their accounts and the content they engage with.

As Web3 is starting to grow and more people are interested in being part of it, let’s take a look at what are some of the most popular social dApps (decentralized applications) and why users are eager to be active there.

What is a dApp?

Before we go any further, we must understand what dApp stands for.

Decentralized applications are applications that have no central authority governing and which aren’t hosted on one centralized server but instead run on a distributed, decentralized peer-to-peer network.

Overall, dApps are rather similar to other software applications and can usually be accessed both on desktop and mobile devices and have a graphical user interface, just like regular apps.

So the main difference really comes down to how they function behind the scenes - most of the backend programming happens on a decentralized network such as Ethereum.

How Is Web3 Social Media Different?

Web3 means to revolutionize the way we currently use the internet, and the new shift would be apparent on social media platforms as well.

The era of the “open internet” has the potential to better many of Web2 problematic areas. For social media, Web3 promises to bring to the table things such as censorship resistance, data transparency, and self-sovereignty.

Besides providing a new way for how digitalized information is handled, Web3 aims to link the digital economy to it as well, which boosts new business models that can be beneficial to all the participants involved by removing manipulative algorithms that limit people’s freedom of choice.

However, while taking your first steps toward Web3 social media platforms, it’s necessary to stay cautious. The concept is still in development, and among some Web3 disadvantages is the risk of getting addicted or bullied on Web3 social media platforms.

Popular Web3 Social Media Platforms

To understand which Web3 social media platforms are currently growing in popularity, we have looked at DappRadar’s social rankings. And here are the results!

Steemit

Steemit is a Web3 blogging and social media platform that ranks in first place in DappRadar’s social category. The platform rewards users with STEEM tokens for sharing their voice, and the users' feed is created with content based on their preferences.

As Steemit rewards users for both votings and posting according to the worth of their contribution to the platform, the upvoting of posts on Steemit assists in the distribution of coins among those bringing value to the network.

Galxe

Galxe has gained a lot of visibility, recently holding second place in DappRadar Social Rankings. The dApp is a collaborative credential infrastructure which brings brands and people together on a social platform where users’ accounts are created based on their blockchain actions.

Brands and projects can use their Web3 digital credentials to boost their projects’ promotion by gamifying their loyalty systems, creating marketing campaigns, and onboarding users.

The “regular” users can participate in events and campaigns designed by projects and collect NFT badges. These badges give users different rights and benefits that can be utilized on the platform.

PeakD

PeakD’s mission is to be an entry point to the decentralized world of blockchain, where friends can come together and share their interests. This is done by integrating various features blockchain offers and making it easy to use.

The platform allows users to create social media content - posts, comments, etc. and remain in full ownership of anything that is shared. All the data - transactions, written text, and more, are stored on a decentralized, un-owned, community-operated blockchain.

Moreover, users can create communities where like-minded people can come together and share their interests.

Lens Protocol

Lens Protocol gives creators complete control over their content and data. The users have full ownership over their profile, and they can use it however they wish to and even monetize it.

Moreover, Lens Protocol hopes to solve some Web2 problems in a community-driven way, inviting developers to innovate and develop algorithms infrastructure, enabling users to personalize their feed and have freedom of choice over the content they interact with.

CyberConnect

CyberConnect is a decentralized social graph protocol providing developers with a wide range of tools to build Web3 social applications.

By using CyberConnect-backed social networks, users have ownership over their social identities, including content and connections.

The way CyberConnect works is that developers can create blogging platforms where users can publish content in NFT format on their preferred blockchain for monetization purposes. The platform also supports a crowdfunding feature that helps users to promote and sell their creations even better.

Final Thoughts

Web3 social media platforms are gaining popularity as users are interested in new approaches that will give them more control over the content they interact with as well as remain in ownership of the content they create.

And even though Web3 and its features are still in the early stages and there’s still a long journey ahead to overpower Web2 social media platforms, these new trends are something to keep an eye on and be part of the shift towards the new era of how we use the internet.