Andreessen Horowitz exec sees ‘promising paths’ for Web3 social platforms — EthCC

Source: EthCC LivestreamKrishnan, who likewise worked on popular social media business like Meta and Twitter, highlighted some common points that modern-day social media platforms are currently operating. In addition, social network platforms started to have actually limited to no application programming user interface support, low financial advantages for creators, and they do not permit users and creators to have a voice in terms of platform governance.The executive believes there are promising courses and opportunities for Web3 social platforms based on these issues. Related: Dev shares how ENS plays a role in decentralized social mediaContrary to popular techniques where Web3 is being marketed as a way for developers to get paid more, the executive thinks that another appealing course that could lead to wider adoption is to refrain from presenting monetary rewards at the start of developing a social platform.

Source: EthCC LivestreamKrishnan, who likewise worked on prominent social media companies like Meta and Twitter, highlighted some common points that contemporary social media platforms are presently operating. In addition, social network platforms began to have limited to no application programs interface assistance, low financial advantages for developers, and they do not allow creators and users to have a voice in terms of platform governance.The executive thinks there are promising paths and opportunities for Web3 social platforms based on these concerns. Related: Dev shares how ENS plays a role in decentralized social mediaContrary to popular techniques where Web3 is being marketed as a way for developers to get paid more, the executive believes that another promising course that might lead to wider adoption is to refrain from introducing monetary rewards at the start of creating a social platform.