Development Opportunities in the Web3 Social Track
Decentralized social platforms are making breakthrough progress in 2024. Projects like Farcaster and Lens Protocol offer censorship-resistant and data-empowered social experiences, with rapid user growth. The advantages of Web3 social include: content creators can monetize directly, users have data ownership, and token incentives encourage community participation. Investment opportunities include: infrastructure layer protocols, leading application tokens, and social graph projects. This track is still in its early stages, with issues such as poor product experience and small user scale, but in the long term, it may disrupt the traditional social network landscape. It is recommended to stay attentive and cautiously participate in projects with real users and innovation.