Decentralized Social Media: Is This The Future?

Discover the benefits, challenges, and potential of decentralized social media in our in-depth article

Photo by ROBIN WORRALL on Unsplash
Photo by ROBIN WORRALL on Unsplash

The future of the internet and Web3 is optimistic despite the setbacks. Decentralized social media has the potential to change how we connect with our favorite creators. 

But what is decentralized social media? Is it a completely different concept, or does it build on existing concepts?

They build on the technology of existing social media platforms by using blockchain technology. They use blockchain technology to manage sensitive information and to shift the power from a central authority to the users. 

While complete decentralization, in theory, would be great, in reality, it is not feasible. That’s why it is better to use the blockchain only for certain features. 

Decentralized Social Media: The Benefits

Web3 social platforms use decentralization for certain parts of the application. They store essential information on the blockchain and the rest using traditional methods.

Web3 social platforms have many benefits and possibilities.

User Safety

Traditional social media platforms make money by selling user information to companies. With the use of blockchain technology, users would have better control over their content and, thus, better data privacy. 

Content Suited to the User

Don’t you hate it when you say random posts that push some groups' agenda? It doesn’t even have anything to do with you. 

In decentralized social media, you have control over the content on your feed thanks to open-source algorithms. 

New Monetization

Web3 platforms allow creators to earn from their content. Every piece of content a creator creates is linked to their account, thanks to NFTs

They can earn money based on the views and engagement their posts get. They can also sell their NFTs on marketplaces. 

The platform, in turn, earns money from brand collaborations, advertisements, and transaction fees. 

dArticle Vision

dArticle empowers content creators and publishers to monetize their work in a decentralized and transparent way. 

With dArticle, writers can publish their content directly to the blockchain, allowing them to retain control over their work and receive direct compensation from their audience through cryptocurrency payments. 

This provides a fairer and more sustainable revenue model for content creators while offering readers access to high-quality content without intermediaries.

Users can mint their article NFTs for free thanks to gasless meta transactions. These NFTs have a value associated with them thanks to payouts from dArticle and unlockable content. 

This system makes articles similar to real estate. Creators can sell their articles easily, as market fluctuations will not affect their NFTs.

What dArticle Fixes

  • Intermediary Dependence: Conventional publishing platforms often rely on intermediaries, such as advertising networks and payment processors, to monetize content. dArticle eliminates the need for intermediaries and empowers content creators to monetize their work directly through cryptocurrency payments.
  • Revenue Inequality: Traditional publishing platforms often reward only a select few content creators while leaving many without fair compensation for their work. With dArticle, all content creators can monetize their work and receive direct compensation from their audience.
  • Control Over Content: Traditional publishing platforms often give publishers limited control over their work and the ability to monetize it. With dArticle, content creators have full control over their work and the ability to monetize it through direct compensation from their audience.
  • Content Censorship: Conventional publishing platforms are often subject to censorship and content removal, which can be a major pain point for content creators. dArticle eliminates the need for intermediaries, making censorship and content removal more difficult and allowing content creators to publish their work with greater freedom.
  • Data Privacy: Traditional publishing platforms often collect and use user data for various purposes, including advertising. dArticle is built on web3 technology, which allows users to have greater control over their data and ensures that all transactions are secure and transparent.

You are viewing an NFT