Social networks of Web 3.0. The next big change in the crypto sector?

How Web 3.0 affects social networks

According to some, in the future, all financial apps, social networks, and even trade platforms like Amazon will be built on cryptocurrencies blockchains. Although the dependability of today’s storage technologies is uncertain. We can trace it back to social networks, exhibiting the concept of corrupt incentive systems that encourage platforms to prioritize profits over the well-being of their members or even society as a whole. From one point, decentralized social media networks could solve this problem. Decentralized hosting removes power from the chosen administration and spreads ownership and accountability to the community. As a result, the incorporation of cryptocurrencies allows content creators to profit directly, eliminating reliance on advertising as a content driver.



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bit4you is an european crypto exchange platform. We are facilitating the transition between crypto currencies and traditional currencies such as euro.