Social Media

Favoom has launched the first-ever, fully decentralized, and Web3-integrated social media service, combining digital networking with the benefits of blockchain technology. The platform is built on the BASE Network and aims to provide an alternative to social media giants like Twitter, Telegram, and Facebook​​ by prioritizing privacy and data control and offering lucrative content monetization tools. The Social Finance (SocialFi) movement is rapidly gaining momentum, and Favoom is one of the projects spearheading its surge. The decentralized platform provides a…

The digital world is transforming in ways we never imagined, and Non-Fungible Tokens (NFTs) are leading the way. Thanks to blockchain technology and NFTs, social media platforms are beginning to experience a new level of engagement. From customizable avatars to augmented reality items, NFTs are giving big tech companies new ideas. This article will explore the potential benefits of using NFTs for social media platforms and the sector’s best practices. In this context, Instagram's experiment with NFTs represents a peculiar…

Social media is among the most revolutionary technologies of the 21st century. For example, networks like Facebook, Instagram, Twitter, and Telegram have been affecting the lives of many globally. In addition, a social network can influence politics, sports, finance, marketing, and many more.  Crypto is one of the industries receiving the impact of social media influence. Since the launch of the first asset in 2009, social media has been driving the popularity of crypto. As a result, assets like Bitcoin, Cardano, Ethereum, and Dogecoin have…

On Wednesday, Twitter CEO Jack Dorsey said that prohibiting US President Donald Trump was the best resolution for Twitter. Still, he disclosed that few private companies shouldn't dominate the internet. Dorsey said that the concept was disputed last week when several foundational internet tool providers opted not to host what they thought was treacherous. He said that he trusts the companies came to their conclusions or were encouraged by others' actions. He added that the inconsistent policies and lack of…

Social media has become embedded in many people’s lives that it’s hard to imagine life without it. Platforms like Jack Dorsey’s Twitter have emerged to offer users an online network to share their opinions and views on the internet.  Unfortunately, many centralized social platforms are ramping up efforts to censor dissenting views from users. This growing fact-checking escapade has made many social media users distrustful of platforms that stifle free speech. For instance, thousands of Thai Twitter users ditched the…

Cryptocurrency has evolved from a geeky fad to a stable market ready to rival traditional banking systems' self-entitled positions. Its promises of instant asset transfers, low or non-existent transaction fees, and decentralized networks are irresistible to many sectors out there. In today's unstable environment, several industries are already adopting cryptocurrency, and others strongly consider it. Considering the obvious advantages that crypto integration brings, we look into how some of these sectors may change forever once they make that decisive step…