In a recent podcast episode, Ryan Li, co-founder of CyberConnect, discussed the potential shift from Web2 social media platforms to Web3 alternatives. Li believes that content creators who want their work to live forever will be attracted to decentralized social media platforms running on blockchain. These platforms provide creators with confidence that they won’t be abandoned when the platform grows or focuses on ad revenue. Li also mentioned the emergence of Friend.tech, a decentralized social media platform that has gained popularity and revenue. However, he also acknowledged criticisms and described it as a security due to its trading dynamics. Li and the podcast host also discussed how recent changes at major platforms like Meta and X (formerly Twitter) could impact the adoption of Web3 social media. Li believes that users are likely to switch platforms based on a single feature they love and stay because of the infrastructure they find. Overall, the episode explores the concept of decentralized social media and its potential impact on the industry.
