Brendan GahanCEO/Co-Founder Of Creator Authority (Influencer Marketing Agency)

Web3 vs Facebook: The Future of Social #Web3 #Web3vsFB #SocialMediaTrend

Name: Web3 vs Facebook: The Future of Social #Web3 #Web3vsFB #SocialMediaTrend
Uploaded: 2022-03-22T14:25:40+00:00
Duration: 55 s
Channel: Brendan Gahan
Description: In this discussion, the speakers argue that Web3 technologies can fundamentally disrupt centralized platforms like Instagram and Facebook by granting…

22 Mar 2022 · 1 min

Watch on YouTube

0:55

In this discussion, the speakers argue that Web3 technologies can fundamentally disrupt centralized platforms like Instagram and Facebook by granting users ownership of their profiles, social graphs, and content. They reference insights from Sean of the MFN Podcast and the founder of Decentra, a decentralized blockchain platform. The core idea presented is that a decentralized social (DeSo) network would make its entire database open and accessible, allowing third‑party developers to build alternative applications with custom feed algorithms. This openness would give users the ability to choose how their feeds are curated—whether to prioritize certain content, avoid censorship, or tailor the experience—without needing to start a new network from scratch. The conversation frames this as turning the traditional social network model inside out, shifting control from platform owners to users and developers.

Chapters

Web3 will destroy Instagram and Facebook. Why? With Web3, users own their profiles, social graph, and content. Sean from the MFN Podcast explained this best while talking to the founder of Decentra, decentralized blockchain platform.
You're turning a social network inside out. The thing that Facebook and Twitter would never do, they would never just give you root access to its database. What you're saying is here's a social network and the database is fully open and available to all. And so you're kind of taking a social network and you take the thing they protect at its core and you're turning it inside out. You're putting it right at the surface for other people to use. That's the big idea. And what does that mean? That Means people are complaining about the Facebook algorithm, right? Fake news, or I don't like that Facebook censors. Well, you're shit out of luck. You can't go use Facebook 2, which has a different algorithm. But with this idea of DeSo, somebody could just make a new app with a new algorithm that says, I'm only going to show pictures of hot girls. I'm not going to censor anything. You get to decide how your feed is curated. And so you could build another app that people could use without starting all over from scratch. It gives people choice. I think that's the big idea.