The Rise of Web3 Social: Can Friend.tech Disrupt Traditional Platforms?
The decentralized social platform Friend.tech has exploded in popularity with its 'Keys' economic model, allowing users to profit from tokenized social influence. Similar projects like Lens Protocol and Farcaster are also exploring on-chain social interactions. However, excessive speculation on tokens and poor user experience remain challenges. In the future, Web3 social needs to balance decentralization with usability to have a chance against traditional giants like Twitter and Telegram.