What’s the core problem that Web3 social media platforms such as Phaver can solve????

ClarkWang.eth
2 min readJan 11, 2023

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Web3 social media refers to a new generation of social media platforms that are built on decentralized, blockchain-based technology. These platforms aim to solve several core problems that traditional centralized social media platforms have struggled with, such as:

Lack of user ownership and control: Centralized social media platforms often own and control the data that users upload and share, and can use this data for targeted advertising or other purposes without the user’s knowledge or consent. Web3 social media platforms, on the other hand, can give users full control and ownership over their data, allowing them to share it with others on their own terms.

Censorship: Centralized social media platforms are often run by private companies that can censor or remove content that they find objectionable or that goes against their terms of service. Web3 social media platforms can be decentralized, making them resistant to censorship by a single entity.

Monopolization: A small group of large centralized social media platforms dominate the market, and often engage in anti-competitive practices such as acquiring potential competitors, copying popular features, and throttling the visibility of alternative platforms. Web3 social media can provide an alternative, open and more competition-oriented market, by enabling the creation of new and alternative platforms with different models.

Privacy and security: Centralized social media platforms can have poor privacy and security practices, leaving users’ data exposed to hackers and other malicious actors. Web3 social media can use cryptographic techniques to keep user data secure and private.

Incentives and revenue distribution: Centralized social media platform often extract value from user generated content without fairly distributing it among users. Web3 social media can use tokenomics or other crypto-economic mechanisms to share revenue or incentives between users and platform contributors, which can align interests and create new business models.

It’s important to note that web3 social media platforms are still in early stages of development, and its potentials and limitations are still being explored, but the underlying blockchain technology provides new opportunities to address these issues.

Web3社交媒体是指基于去中心化、基于区块链技术的新一代社交媒体平台。这些平台旨在解决传统集中式社交媒体平台一直难以解决的几个核心问题,例如:
缺乏用户所有权和控制权:集中式社交媒体平台通常拥有和控制用户上传和共享的数据,并且可以在用户不知情或同意的情况下将这些数据用于定向广告或其他目的。另一方面,Web3社交媒体平台可以让用户完全控制和拥有自己的数据,允许他们按照自己的方式与他人分享数据。
审查:集中的社交媒体平台通常由私营公司运营,这些公司可以审查或删除他们认为令人反感或违反服务条款的内容。Web3社交媒体平台可以去中心化,使其抵抗单一实体的审查。
垄断:一小群大型集中社交媒体平台主导市场,并经常从事反竞争行为,如收购潜在竞争对手、复制流行功能以及限制替代平台的知名度。Web3社交媒体可以通过创建具有不同模式的新平台和替代平台,提供一个可替代的、开放的、更面向竞争的市场。
隐私和安全:集中式社交媒体平台可能存在糟糕的隐私和安全做法,用户的数据会暴露给黑客和其他恶意行为者。Web3社交媒体可以使用加密技术来保护用户数据的安全和隐私。
激励和收入分配:集中式社交媒体平台通常从用户生成的内容中提取价值,而不在用户之间公平分配。Web3社交媒体可以使用tokenomics或其他加密经济机制在用户和平台贡献者之间共享收入或奖励,这可以协调利益并创建新的商业模式。
值得注意的是,web3社交媒体平台仍处于早期发展阶段,其潜力和局限性仍在探索中,但底层区块链技术为解决这些问题提供了新的机会。

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ClarkWang.eth
ClarkWang.eth

Written by ClarkWang.eth

Ph.D. in Infectious Diseases, founder of an A.I.-driven healthcare startup. MOD @phaverapp @HallidayHQ . Build @PatientsHelpDAO. https://linktr.ee/clarkwang

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