As we begin 2022, we see a lot of uncertainties ahead. The markets are shaky, Covid is prevalent, and fear is high, especially in crypto. In the face of such uncertainty, some might be paralyzed by the unknown while questioning their world views. For Solcial, we feel that the time is now to question the social media monopolies. When there is uncertainty, there is an opportunity, and if 2021 taught us anything, it is that crypto is here to stay and that now is the time for change.
The Social Media Monopoly
It’s no secret that the current social media platforms have a monopoly. They might deny this claim, but the facts are obvious, they have tried to copy every trend and destroy all competition. But what has our world gained by having only a few monopolistic social media powers? For one, they have gained a lot. Social media giants have gained monetary power, privacy power, and power over speech. The rest of us have gained…well…a few followers? We have countless examples of creators being censored and underpaid for their content. With creators finding new ways to monetize, crypto provides the perfect opportunity for creators. The current business model for major social media platforms is simple; let others do the work and then earn a profit off of it. Now is the time we stand up for ourselves and bring change to the social media industry.
Why Now is the Time
We have an opportunity to shape the direction of 2022. The choice is clear, we can either continue moving down the road where our feeds own us, or we can start to own our feeds. We’ve seen some amazing innovations in the crypto space. DeFi is changing the way lending is done, NFTs are changing the world of art and digital property, and we think Web3 should change the way we engage on social media as well. The potential for change in the social media landscape is tremendous. If we join together and build a future that is focused on the user, not profiting off the user, then maybe we can change the world. Together we have the potential to make 2022 the year of the Social Tokens.
Crypto is Changing Lives
Web3 has already altered the trajectory of lives all around the world. We’re banking the unbanked, giving opportunities in countries that were previously without hope, and now we can change the lives of creators and social media users. This is what crypto is all about. Taking the power away from the monopolies and giving it to the individuals. Web3 is an important piece to the crypto puzzle and we believe 2022 is the year we can add it.
While it is fun to dream about changing the world, it is another thing to actually do it. We know for Solcial to utilize Web3 and reach the full potential it offers, we will need each of you on the team to help build a decentralized future. 2022 can be the year we change who is in control of social media platforms, will it be a few big monopolies or will it be YOU the user?
Solcial is a decentralised social network that gives users the power of web3 by allowing people to interact with each other without fearing censorship, and allowing content creators to be rewarded fairly at market value.
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