What Can Be Created Based on Decentralized Social Networks
AI summary of the linked articleDecentralized social networks, such as Farcaster, could support a wide range of products, so the question should be what can be built on such a network rather than what social applications decentralization can bring. The article organizes these possibilities around decentralized data, relationships and identity. It describes three product types on open data: information and media services, profile-based products and product marketing, and content incentivization. It also argues that a network that is not yet large has not reached its network effects, and that products which succeed on it will expand the network to benefit all products built on it. |
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2 comments ameliehua.ethSubmitter Instead of thinking about what kind of social applications decentralization can bring, we should ask: if we have a decentralized social network, what products can we build based on this network? In my opinion, large amount of valuable data in desoc are still centralised, but it doesn't matter. Take farcaster as an example, if there is a highly read cast in warpcast, then the cast's reader portrait is valuable, and there's gonna be a lot of people who want the data, like other client and advertiser. But this data is not public and centralised, held by the client operator (in this example is held by Warpcast). For client operator, it can use the data to improve the recommendation system and advertising (which is the traditional way of web2). But in fact, there is another path, that is, mint the reading portrait data privately to an on-chain asset (like NFT), and then sell it to the cast author, author will buy it because there will be other clients or advertisers willing to pay for this data. This brings a new business model to the centralized platform and truly realizes the user's control of the data. |
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