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TL;DR
Lens protocol simply raised $15M to proceed constructing out the way forward for Web3 social.
Web3 social platforms can look/really feel/function similar to their Web2 equivalents. The massive modifications come below the hood.
On Web3 social platforms, your username, pictures, movies, textual content posts, messages, followings, and information will not be solely owned outright by you – however it’s all transferrable between apps.
The catch? If you wish to use a social platform constructed on Lens, you might want to pay a tiny payment for every publish you make.
For context, 5 posts per day will value you roughly $2.50 per 12 months.
Full Story
Alright, let’s dial issues again and get enthusiastic about some optimistic ahead momentum.
Lens protocol simply raised $15M to proceed constructing out the way forward for Web3 social.
When you’re questioning how Web3 social is totally different to Web2 platforms like Instagram, TikTok, Twitter and many others. – it is not.
…a minimum of, not on the floor.
Web3 social platforms can look/really feel/function similar to their Web2 equivalents. The massive modifications come below the hood.
Principally, Web3 social platforms which are constructed on a shared protocol (or ‘rule set’) like Lens have a one very alluring characteristic:
Your username, pictures, movies, textual content posts, messages, followings, and information will not be solely owned outright by you – however it’s all transferrable between apps.
Think about if IG, TikTok, YouTube, and Snapchat every needed to pay you, as a way to entry your information.
(And if at any level you did not like what they have been doing, you would simply up and go away with your whole followers and content material!)
Now…this is the catch:
The financial fashions of Web3 social are but to be perfected.
Proper now, if you wish to use a social platform constructed on Lens, you might want to pay a tiny payment for every publish you make.
Convincing people to modify to a paid model of one thing that is normally free?
Good luck!
This is our guess out how Web3 social will evolve:
To scale up, these platforms might want to have each free and paid choices.
(For context, 5 posts per day will value you roughly $2.50 per 12 months).
Both means, very thrilling to see this idea get funded!
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