While most giant social media applications such as Facebook, Instagram, Youtube, and Twitter are alternative synonymous with the word social media, this is probably about to change soon.
Blockchain technology is creating a new wave of social media networks that could be even better and bigger. They enhance the working model of the existing social media and give them superpowers.
The blockchain industry today is filled with unprecedented innovations. So giant social media companies like Facebook have recently made strides in their growth transitions towards Web3.0, which is indirectly a blessing in disguise for blockchain and cryptocurrencies. Even Twitter, Reddit is planning to integrate the NFT marketplace in the near future for helping creators and converting the Reddit karma points into crypto tokens.
So with the world, major social media platforms are incorporating blockchain technology at their core. We at Blockchain Firm develop a highly customizable blockchain-based social media platform coupled with various revenue systems and allow your users to own absolutely all of their data.
Blockchain-based social media enable users to conduct effective crowdfunding campaigns to help startups grow and to raise money for charitable causes through token sales. Furthermore, users can facilitate financial transactions using native crypto.
With Decentralized networks, there is no central organization or supervisor controlling the data, and the unethical usage of users’ data can be prevented by cryptography which directly results in the increase of the user base.
Launch NFT Marketplace in social media that provides opportunities for creators and influencers to transform their content into blockchain-powered digital NFTs. Thus, helping directly showcase their work as NFT to bid and sell for a higher price.
With blockchain and its consensus mechanisms, social media platforms ensure greater privacy and security and help users realize their right to express themselves freely. Thus providing the freedom of speech to the user
When considering digital content, blockchain-based social media eliminates content aggregation and allows creators and customers to interact without costly intermediaries. It also means the process is instant and P2P.
Since there is no third party involved, collecting and using personal information without consent is impossible. Thus eliminating data breaches, identity theft, and user commodification.
Decentralized social networks offer a censor-free platform, reinstating this precious freedom. Users can freely share their opinions with a chosen audience without fear of any blocking or personal risk.
With blockchain, users can control feeds without letting a third party decide for them. Also, their data is stored in a decentralized network of servers that outside sources cannot access without authentication.
With the improved process and targeted control, users can undertake crowdfunding campaigns through which they can directly take peer-to-peer transactions to raise funds.
Blockchain in social media is nurturing in social commerce. This means even aspiring content creators can be rewarded with the native cryptocurrency.
User privacy on social media platforms is the primary concern. This is mainly because, in the existing model, all the data is governed and monitored by centralized firms. But distributed technology ensures greater privacy and allows users to express themselves freely. Also, enable them to make transactions privately
In the existing centralized platform, the data is not in the hands of the users. Anyone can alter or delete it permanently without the user's consent. With blockchain, users can permanently save their content, ensuring that nobody can edit or even delete it once published. Thus providing an inevitable evolution and ownership for users, which can increase the user base.
Apart from privacy, content creators on social media platforms are losing significant money due to the involvement of intermediaries. Blockchain-based social media platforms allow their users to have complete control over the content on where and how it can be distributed. Thus, it helps them create passive income from the network's native currency.
Blockchain-based social media NFT marketplace eliminates the intermediaries that are involved in the trading process. Thus helping influencers and the audience to get a fair distribution or revenue compensation for their work without any intermediaries.
Initially, we brainstorm with the client's requirements and begin to evaluate, formulate, decide what should be added as on-chain and off-chain, and design a conceptual workflow and blockchain model of the application. Once we receive feedback from every stakeholder, we come up with a prototype containing information architecture, sketches, mockups, designs, and tested products.
The UI and admin panel of your application is developed. This is achieved by using a front-end programming language, an external database, and designated app servers. We deliver both user-end admin panel and client-end admin panel for accessing users' data. After soft-launching the application using the console, you can connect it with analytics.
Smart contracts represent the next steps in the progression of a blockchain-based social media application. These contracts run on blockchain technology that auto-executes all the transactions, crowdfunding, and rewards for their users without the need for a third-party intermediary.
When it comes to DApp development, we bring out the best solution. From mobile technology to frameworks, coding to testing, and launching an app, we consider many things to develop a blockchain-based social media application. We can build a marketplace for NFTs in your application and deliver a smooth user interface with industry-grade encryption and security protocols that will result in long-term success
With the crypto market maturing, some creators and influencers are ready to accept cryptos as one of their modes of payment. To enable this Crypto payment gateway is necessary. It provides the ability to use it as a private and secure online transaction. Also, we are excelled in integrating any type of gateway as per our client requirements.
Our experts provide blockchain application maintenance and support round-the-clock to enhance mission-critical systems' performance, scalability, and portability by using methodologies to keep your fintech application running and driving revenue.
Very much. Just like other content, the sources of information can be verified and there is less fake content when it comes to blockchain use in social media.
Yes, with our blockchain you will be able to track and view who has seen your data.
Yes, the blockchain verifies all of the users’ identities before they are allowed to join the social media platforms.
Absolutely! You can earn cryptocurrencies by your contribution of contents.