The Web3 web is often referred to as the future for creators, where everything we create will belong to us. A new proposal aims to shift the world towards an ownership-based economy. Social media platforms as we know them may be replaced by their decentralized counterparts.
As the world embraces a decentralized nature, social media platforms are also undergoing a transformation from the traditional Web2 model to Web3.
In this article, we will explore the most popular Web3 social media platforms that represent the future of user-centric, decentralized marketing, and social networking.
Get to work!
- Odysee
Odysee serves as a decentralized alternative to the familiar YouTube and was launched in December 2020. Thanks to its commitment to freedom of speech, it has garnered a substantial user base. Odysee hosts video content on the LBRY network.
Notably, shared content is stored on the blockchain, making it immutable and unable to be deleted. Odysee operates without moderators; instead, community members manage the platform. Those who contribute to building the platform and share content are rewarded with tokens. The platform upholds a stance against censorship and does not feature advertising.
- Steemit
Founded in 2016, Steemit is somewhat equivalent to Facebook, where users communicate and interact with each other. Steemit is built upon the Steem blockchain.
As users of the platform, we can earn STEEM tokens simply by participating in the network. User-generated actions and content, including publishing, sharing, and voting, are rewarded.
The decentralized nature of the platform ensures that users hold power over it; they are the ones who manage it.
- Supernovas
Instagram for NFTs. This platform primarily targets those deeply involved in the non-fungible token (NFT) community. It is built on the DeSo chain, recognized for its open-source infrastructure.
Supernovas provides an ideal space for NFT artists and collectors to engage and build a community around non-fungible tokens
- Lifetoken
Lifetoken is a platform similar to the TikTok we know, launched in late 2022. It encourages creators to invest in their community through LIFE Awards.
LIFE Awards are in-app rewards used by developers to motivate active users to engage in platform activities. In the future, LIFE will be exchangeable for goods, services, and exclusive events within the Lifetoken app.
- Minds
Minds is a Web3 social media platform similar to Twitter. It strongly promotes privacy, freedom of speech, and user empowerment. It offers a fully decentralized and encrypted network where users have control over their data and can earn tokens for their engagement and shared content.
In its operation, MINDS utilizes blockchain technology, resulting in a transparent and censorship-resistant platform that prioritizes privacy and freedom of expression.
Minds employs an effective moderation system known as the ‘Minds Jury System.’ Users collectively report content that they find inappropriate. The system then randomly selects 12 active users to vote for or against each issue, and a decision is reached if 75% vote in favour.
- Peepeth
Peepeth is another decentralized social media platform in the Web3 ecosystem, running on the Ethereum blockchain. It places a significant emphasis on authenticity, accountability, and transparency. On Peepeth, users can publish content, follow others, and earn reputation points for their contributions to the platform.
The platform is built on blockchain technology, ensuring that content is immutable and interactions are transparent. Peepeth promotes trust and accountability among its users.
- Diamond App
Diamond App is a decentralized social media platform built on DeSeo. Its primary goal is to empower users by giving them control over their identities and the ability to monetize their content and influence.
The platform introduces unique tokens, known as creator coins, allocated to each user on the network. These coins represent a user’s reputation and influence within the network. Users have the autonomy to own, purchase, and sell creator coins from various profiles, including their own, allowing them to invest in creators they support.
Another intriguing feature of the Diamond App is tipping, denoted by ‘diamonds,’ where users send cryptocurrency to their favourite creators. This enables creators to earn real income for receiving ‘likes’ from their fans. Additionally, creators can transform their posts into NFTs, turning them into digital collectibles
- Audius
Audius is a platform designed for music enthusiasts. It operates in a decentralized manner, allowing users to directly upload, share, and monetize their music. Creators maintain control over the content they share and can earn royalties, tips, and engagement from their fans.
The platform relies on a tribe system to manage intelligent contracts, ensuring a fair distribution of revenue for artists.
Notably, Audius has introduced its native cryptocurrency, AUDIO, which enables users to stake and participate in platform governance. Additionally, it rewards artists and supports the platform.
- Plai Labs
Plai Labs is a unique decentralized Web3 platform set to launch Massina, a Metaverse social media platform. Its mission is to create video games for the entire Web3 world.
- Chingari
Chingari is a decentralized social media platform created in 2018 in India. It gained popularity as an alternative to TikTok when TikTok was banned in the country. Despite its Indian origin, it supports over 20 languages and has a global community.
The platform uses a GARI token to reward its creators for generating content and engaging with the platform. Users can exchange this token for fiat currency or other cryptocurrencies.
- Mastodon
Mastodon is renowned as one of the best decentralized social media platforms in the Web3 ecosystem. It offers users an alternative to mainstream social media platforms. The platform operates on a federated model, comprising multiple independent servers called “instances”, which collectively form the entire network.
Mastodon provides users with various ways to interact, including short messages known as “toots”, replies, mentions, reblogs (reboots), and communication via direct messages.
Unlike some other platforms, Mastodon does not have its own cryptocurrency or a built-in rewards system for users. Its primary focus is on providing a decentralized social media experience.
Other decentralized Web3 social media platforms worth looking at include:
- Lens Protocol
- Such
- Mirror
- SoMEE
- Torum
- Damus
- DSCVR
Summary
Web3 decentralized social media platforms are a great alternative to the traditional social channels we are familiar with. They allow users to manage the content they share themselves, benefit from transparency and better community management.
We recommend registering on any of the platforms we have mentioned and feel the difference for yourself!
