Decentralized projects like Mastodon, Lens Protocol and Farcaster are getting a bump from chaos at Twitter. What does Web3 offer for the future of social media? Opinion for The Node newsletter, by danielgkuhn
. According to a bet expiring Dec. 15, only 36% of bettors think “Twitter reports any outages” by that date.
All of this is good news for decentralized social media experiments that have historically struggled to match the growth of Silicon Valley incumbents. A number of apps, notably the non-blockchain-based platform Mastodon, and a few crypto-powered alternatives are seeing a jump in usage. While it’s still unknown what will happen to Twitter, a more diverse social media landscape should benefit users in the end.
The benefit of Mastodon’s method is that the costs of running the program are spread out, and there are fewer incentives to monetize users' data. People can also join different servers that set different content moderation standards – perhaps preferring a free-speech free-for-all or a more curated feed. They can still be blocked by server operators, but are theoretically allowed to port their “social graph” to another group within the federation.
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