Count the development of encrypted social media projects in one article

Currently, social media users have exceeded half of the world’s population. How to better improve the user experience is a question that social platforms have been exploring. Blockchain is a new application of computer technology such as distributed data storage, peer-to-peer transmission, consensus mechanism, encryption algorithm, etc. As a well-known decentralized technology, blockchain is introduced by many social platforms to solve common problems in traditional social media Provides new ideas.

For example, most of the current chat software is centralized. Chat data and all kinds of information are stored in a company’s server, which may cause data leakage. Social communication applications based on blockchain technology are designed to solve these problems and build out-centralized privacy. A strong social ecosystem.

Regarding the development of social media projects in the current blockchain environment, FTX CEO SBF believes that the application of blockchain technology to social media may be a huge opportunity. He pointed out: “Social media on the blockchain—I still think The opportunity is absolutely huge. It solves many existing pain points, and these pain points are now truly at the forefront of society.” SBF added that there is a need for a way to exchange messages in a secure and private way, a way that can be accessed by multiple user interfaces, and protocols based on this function need to be composable and cross-platform.

It is worth mentioning that the decentralized social network market has also become an area favored by venture capital. The data shows that major venture capitalists such as Sequoia Capital, Andreessen Horowitz (a16z), Social Capital, TQ Ventures, Coinbase Ventures, Winklevoss Capital, Arrington Capital, Polychain, Pantera, DCG (CoinDesk’s parent company), Huobi, Variant, Beacon Fund, etc. Institutions are involved. Billionaire real estate tycoon Frank McCourt also said that he will invest $100 million in a project that uses blockchain technology to try to democratize social media data.

With the development of encryption, a new generation of social network projects such as Telegram, Yee, and social network have emerged. The encrypted messaging application Telegram is positioned as a social chat software. Users can encrypt and transmit the content of the conversation. The content of the conversation is not stored in the cloud, but is managed locally by the user to ensure user privacy and security, and allows users to use it for free forever without inserting Mobile Ads. The Yee project is a blockchain-based cloud communication network and decentralized social ecosystem, including YeeChain blockchain, YeeNet cloud communication network and YeeCall, YeeWallet, YeeStore and other applications. The social network is a new generation of social network in Polkadot ecology. The decentralization of social media is becoming a long-term development trend, and the development of other projects in this field is also worth knowing.

RLY: Rally is based on Ethernet Square open platform block chain, he helps content creators and fans community issued a vibrant and independent economic system. Rally allows any creator with an online fan community to publish their own cryptocurrency without having to master the complex programming capabilities of the Ethereum blockchain. Fans can buy cryptocurrency issued by creators to support their favorite creators and get benefits determined by creators. With Rally, creators can expand their fan base, reward fans and earn stable income. Rally is a decentralized platform driven entirely by community management. This means that creators and their fan communities can freely control the use of their social tokens on all social platforms.

RLY is the ERC-20 governance token of the Rally Network, which unlocks a variety of benefits for the community, including the governance of the Rally Network, the ability to actively participate in the Rally Network, and reward community members for their contribution to the network. On April 11, the social token platform Rally raised more than 22 million U.S. dollars through the RLY token sale on CoinList, with a total of more than 40,000 participants, setting a record for CoinList participants.

Steem: It is an open source blockchain protocol that can store social information and distribute tokens based on the Proof-of-Brain algorithm. As a blockchain with fast transaction speed and large transaction volume in the world, Steem can support multiple blockchain protocols for user-oriented applications, including busy.org, d.tube, dlive.io, steemit.com, dsound. audio etc. The Steem blockchain is a publicly accessible distributed database that records all posts and votes and distributes rewards on the network. All text content and voting data are stored here, and all reward calculations and expenditures are performed in it. Steem is the name of the blockchain that stores all data and transactions and processes all events that occur. STEEM is also the name of the system value token (currency).

Yup: The platform works like Pinterest, allowing users to select content from various social networking sites. Installing the Yup browser extension will add a small button next to posts on Twitter and Facebook. Clicking on this button allows users to rate the post. Currently, Yup, a social media platform backed by cryptocurrency, has raised $3.5 million in a round of financing led by Distributed Global, and has received support from Dapper Labs and many well-known angel investors.

Enevti: is a decentralized social media NFT platform that helps fans to establish a real relationship with their favorite influencers. Enevti can contribute to a more decentralized network by realizing direct ownership, direct relationship and direct monetization between creators and fans.

Mask Network: The goal is to become the sum of the bridges between Web 2.0 and Web 3.0 (Web 3.0 sub-fields include DID, NFT, DAO, DeFi, cross-chain, etc.), but it is still in a relatively early stage. The difference from some projects is that Mask Network will not directly try to “subvert” the existing centralized giants, but in the form of providing tools to provide massive users of existing giant platforms (such as Twitter, Facebook) A choice. It hopes that in this way, it can more smoothly migrate users from Web 2.0 to the Web 3.0 era. Strictly speaking, Mask Network is not a blockchain project in the traditional sense at this stage. It has no currency and no chain. But it is being connected with the blockchain in a unique way, and will be built on the Ethereum ecosystem in the future.

Mask Network has selected several points in Web 3.0 as the main direction (including but not limited to): establish a decentralized digital identity to protect the ownership and use rights of data; protect text through encryption and blockchain technology The storage, privacy and dissemination of information and files such as pictures, pictures; lowering the threshold of acquisition and management of digital assets, increasing the freedom of payment, etc.

Distrikt: Designed to enable users to connect, collaborate, and share with each other while retaining ownership and control of their data without having to pay for their data and privacy. On September 15th, Distrikt, a decentralized social media network supported by DFINITY Internet computers, has released an Android version of the client, which users can install and download through GooglePlayStore. Distrikt has previously launched a web-side application. The Distrikt team stated that the application runs entirely on DFINITY’s Internet computers.

WHALE: It is a social cryptocurrency whose valuation is supported by high-value assets. These assets continue to grow organically through scarcity, exclusivity, and market demand. At least 40% of all WHALE market-making activities will be used to acquire more rare NFT assets, creating a virtuous circle of value for WHALE holders and successful blockchain projects.

Obyte: It is a decentralized system that uses DAG technology to store and transmit value, allowing tamper-proof storage of arbitrary data, including transferable value data, such as currency, property rights, debt, shares, etc., and the more crowded the transaction, the faster the speed quick. These storage units are linked to each other, and each storage unit includes the hash value of one or more early storage units, which is used both to verify the early units and to establish their partial order relationship. DAG (Directed Acyclic Graph) is formed between the link units.

DigitalNote: (abbreviation: XDN) is an encrypted currency, like Bitcoin , it is a decentralized digital currency. It is based on CryptoNote anonymity technology and is updated through a unique untraceable encrypted mail system and blockchain-based deposits. No one owns or controls DigitalNote, it uses peer-to-peer technology and a fair anti-ASIC PoW mining process, without the need for a central management agency to operate. DigitalNote provides instant global privacy protection transaction processing and untraceable encrypted message transmission in a distributed peer-to-peer user network, with almost zero processing fees. Mathematics guarantees the security of the XDN network, enabling individuals to control their finances and information. Your private key is your bank account, there is no review and supervision. Freedom exists.

SpankChain: Use the Ethereum blockchain to create an adult entertainment ecosystem. SpankChain plans to create a SpankChain camsite, where users can join public performances. In addition, in cooperation with district0x to establish a market, performers can upload and sell digital content using ETH or ERC-20 tokens. SpankChain token (SPANK) is an ERC-20 token used to pay for services and enjoy management rights in the SpankChain ecosystem.

OpenChat: is an open source organization created by former Google employees. BeeChat is a decentralized application that runs under the protocol framework provided by OpenChat. ChatCoin, abbreviated as CHAT, is used to distribute red envelopes, make rewards, and pay to enter the small BEE circle in the chat tool.

CoinMeet: We are building a blockchain ecosystem that includes digital assets, digital identities and digital social networking. It is a wallet, an identity ID, a social tool, a transaction link, and a value router in the digital economy era. MEET is the native token of the CoinMeet platform and is used as an incentive mechanism for the ecosystem.

VideoCoin Network: is a decentralized video infrastructure platform that redefines the process of creating, storing and distributing digital video content. The project is led by VideoCoin Development Association Ltd. (Cayman Islands). VideoCoin Network is supported by a large-scale distributed video infrastructure. It will completely change video services through blockchain technology by integrating underutilized computing resources from all over the world, thus ushering in a “new cloud”.

The VideoCoin network ecosystem will reduce costs by deploying unused computing resources and peer-to-peer video distribution, realize a new generation of applications through open API and open source-based development, and improve privacy through decentralized end-to-end encryption. VideoCoin Network is the first blockchain project to integrate a third-party statutory payment processor, supported by a bank consortium. The model is optimized to enhance the utility of VID as a reputation scale token, which powers the network and ensures that the most qualified network operators meet customer needs.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/count-the-development-of-encrypted-social-media-projects-in-one-article/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

Leave a Reply