Top Social Media Sites Using Web3 to Empower Users
Web3 social dapps are thriving in both bull and bear markets since they are not aware of market patterns.
In 2023, the Web3 social applications industry experienced a noteworthy 29% increase in Unique Active Wallets (UAW). This represents a 518% increase from 2022, demonstrating both the category’s performance and the expanding significance of decentralized social networks. These web3 social networking sites are still getting more and better in quantity. We explore the world of popular social networking dapps in this piece, providing insight into their allure and user base.
Table of Content
Why is demand for Web3 social networking dapps high?
In what ways do Web3 social media applications surpass more established platforms?
Which Web3 social media sites are the best?
1-Tech-Friend
2-Galxe
3-Playbux
4-CyberLink
5-LunarCrush Lensing System
6-Huddln
7-Liketu Shingari Chingari Post-Tech
8-Mastodon
9-Damus Bluesky
What is the statistical performance of Web3 social networking apps?
Why is demand for Web3 social networking dapps high?
With a daily UAW (Unique Active Wallets) count of 250,764, the social sector has seen a notable upsurge in 2023, according to our Dapp Industry Report 2023.
Large Web2 tech businesses, on the other hand, have become into gatekeepers of online information, capturing the majority of users’ attention on their social media platforms. These platforms’ methods of operation are not without criticism, though.
Monopolistic social media platforms are a prime example, as they often establish expectations for acceptable behavior. They may silence, shadow-ban, or expel you if you post anything that goes against the official speech or violates their guidelines.
Furthermore, it can be challenging for us to discover the real truth because these businesses frequently employ complex algorithms that produce echo chambers.
The Web3 social platforms’ unceasing expansion is evidence of the growing significance of decentralized social media as a remedy for the issues with traditional social platforms.
In what ways do Web3 social media applications surpass more established platforms?
A new era in online participation and connection is promised by Web3 social media services.
Through the resolution of some limitations associated with conventional Web2 platforms, they present customers with numerous attractive benefits:
Resistance to censorship
Web3 makes it more difficult for anybody to censor or remove content than traditional social media, where content can be readily removed by a central authority.
Because Web3 social networking apps are based on a decentralized structure, they are immune to censorship.
This implies that no one organization or body has the right to censor or restrict what you say on the internet.
Data openness
Data transparency is a top priority in Web3 social media apps. Users can thus view the precise methods by which their data is gathered, processed, and distributed.
Users are more trusting of this transparency since, in contrast to traditional social media, where data practices are frequently concealed, users are aware of what is happening with their information.
Self-rule
Users of traditional social media typically have little control over who they are and what information they share.
Users of Web3 social networking apps are given the ability to be self-sovereign, which gives them authority over their data and digital identity.
Users are in control of their online appearance and have the ability to control how their information is utilized, thanks to their crypto keys.
Fair and innovative business models
Web3 social media applications present novel economic models that are advantageous to all parties.
Because platform owners depend less on central infrastructure, they can cut expenses. Users who participate can even receive unique tokens, while content creators are duly compensated for their efforts.
Compared to traditional social media, this win-win scenario fosters a more equal ecosystem.
After learning about the benefits of web3 social media, it’s time to test out the top decentralized social applications.
Which Web3 social media sites are the best?
It can be difficult to discover the correct social media networks and navigate the Web3 world. But you have the ideal companion at your side to make the trip less difficult and more knowledgeable.
DappRadar is your reliable ally, with strong rating tools that offer insights based on data. Our intention is to enable users such as yourself and assist you in efficiently assessing Web3 projects.
DappRadar can help you find the top and fastest growing projects as well as discover new dapps with a lot of potential.
Let’s now explore some of the most popular projects found on DappRadar Social Ranking.
Tech-Friend
Your wealth lies in your network. The friends' marketplace
A decentralized social media platform called Friend.tech was developed on the Base blockchain. In its first two weeks of operation, the platform brought in almost $25 million and added over 100,000 users.
Users on the site can trade “shares” that are associated with accounts. Exclusive access to private conversations with the corresponding individuals is provided to buyers of these shares.
Notably, there is a supply-demand dynamic at play here because the price of these shares increases as more people purchase them.
Due to its innovative idea, monetary incentives, and active community involvement, the dapp has grown in popularity despite its early technological problems and restricted functionality.
Galxe
Discover Web3 information, locate NFT offers, and more.
Galxe is a collaborative credential infrastructure that investigates concepts related to Web3 identity authentication and Soulbound tokens. In other words, it builds user profiles from people’s blockchain activity.
These Web3 digital credentials can subsequently be used by brands and projects to better promote their initiatives through gamification of loyalty programs, marketing campaigns, user acquisition, and other initiatives.
End users can earn NFT badges by taking part in Galxe campaigns and events. The user will receive various perks and rights upon earning these medals.
Numerous companies, like Polygon, BNB Chain, CoinGecko, Project Twelve, and many more, have projects that use Galxe for promotion.
Check out our comprehensive guide on Galxe to learn everything there is to know about the site.
Playbux
Make money from the things you do every day.
Playbux is a Web3 social platform, powered by Binance Labs and built on BNB Chain, that allows users to earn tokens by engaging in daily activities.
From going shopping, engaging in video games, or taking walks, to trading and stamp collecting. At Playbux, each of these activities is rewarded.
Its capacity to operate on several chains and use NFTs to track asset ownership are two of its primary features.
It also focuses on creating a metaverse for games and user interaction, allowing users to determine the platform’s direction through governance through the usage of a DAO framework.
CyberLink
Take advantage of personalized social interactions without compromising privacy
A decentralized social graph protocol called CyberConnect is powered by Polygon, BNB Chain, and Ethereum. It gives programmers a wide range of tools to create a multitude of Web3 social apps.
Developers may design blogging services, for instance, that allow users to monetize their material by publishing it in NFT format on a selected blockchain. Alternatively, they could include crowdfunding tools that enable users to make money off of their works.
A social media site for events like Meetup or Facebook Events is another illustration. One such platform is Link3, but it implements several Web3 aspects with the assistance of CyberConnect.
When utilizing social networks supported by CyberConnect, users can also genuinely own their connections, material, and social identities.
- When utilizing social networks supported by CyberConnect, users can also genuinely own their connections, material, and social identities.
LunarCrush
Social media analysis for equities, NFTs, and cryptocurrency
LunarCrush is a social listening engine that gathers market and social data related to stocks, NFTs, and cryptocurrencies and turns it into useful information.
The goal of LunarCrush is to assist users in sifting through social media noise and locating value in a dynamic market. The platform can inform users about projects receiving media attention, influencers having an impact, and other related information.
Suppose our goal is to gauge the social sentiment about Bitcoin on LunarCrush. We can observe how frequently people discuss Bitcoin on social media, how active users are, and a lot more.
Additionally, as a thank you for using the platform and contributing to the development of its engine to deliver more precise information, users will receive LUNR tokens.
