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This has led to speculation that Twitter, which is about to be privatized, will eventually become a decentralized social product for Web 3.0. What should web 3.0's social offerings look like?
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But whether Musk's control of Twitter is a consortium's control of the media, acting as the last map of the business empire, or building a platform for complete freedom of speech, as he says, is a matter of opinion, and no one can confirm what the legendary richest man will do next.
This gives a glimpse into the future of Twitter's positioning: a multi-functional protocol platform and a free speech platform. Protocols are the core basic elements of Web 3.0.
Web2's Twitter will be the home of Web3: a protocol platform and a free speech platform
The long river of history is raging, and a Web 3.0 revolution has quietly arrived.
Information encryption: Musk believes that Twitter private messages should have end-to-end encryption like Signal, so that no one can monitor or crack users' messages.
Relaxed scale of speech review: Musk said that free speech is the cornerstone of the operation of democratic institutions, twitter is a digital speech square, and issues about human development should be allowed to be discussed in this square.
Edit button: For Twitter accounts that publish incorrectly, they can re-create content through the edit button, and in the online voting initiated by Musk, more than 73.6% of users agreed with the Twitter-initiated edit button.
Identity verification: Cracking down on bots and fake accounts, Musk has always been deeply disgusted by the problem of robots and fake accounts on Twitter, and will crack down on fake bot accounts to ensure the authenticity and value of each account.
Algorithm open source: Musk has repeatedly said that he wants to open source the Twitter algorithm, arguing that it is very important for freedom of speech, and anyone can watch the possible problems of Twitter code through the Github platform and make suggestions.
Dogecoin payments: Subsequent changes may include Dogecoin payment options in Twitter spend payments.
Changes in the monetization model: Both The founders of Twitter and Musk have scoffed at the advertising revenue model, and paid subscriptions and memberships may become Twitter's main monetization model in the future.
Digital currency/NFT display and use: This is a thing that has not been mentioned, before Twitter members can already connect through cryptocurrency wallets, using NFTs as Twitter avatars, so in the Musk era, can Twitter's digital currency be used and displayed on a larger scale? I think this is a high probability thing, which is undoubtedly full of expectations.
Why is Twitter going to be the home of Web 3.0? We make a bold assumption based on Musk's reform direction of Twitter: the future of Twitter will be a low-level protocol platform on which to build a free speech square.
First of all, Twitter will implement information encryption and user ID authentication, so that each account ID can be regarded as a trusted digital asset, and the ownership of the content generated by the platform belongs to the user itself and will not be tampered with and deleted by the platform.
People who believe in the Crypto circle have smelled the taste of opportunity, public chain, DeFi, DAO, NFT, Dapp can make a big difference in this process, whether it is the encryption of user identity, the autonomy of open source code or the ownership of user data, the transaction access of digital currency, etc., because the core of Web 3.0 is "digital ID ownership" and "digital economic system", at present, Twitter is related to changeability.
It is conceivable that when the era of Web3.0 comes, Twitter, one of the world's largest social platforms with the largest user volume, will carry the identity of the underlying protocol and infrastructure provider, then the combination of Web 2.0 and Web3.0 products can solve the network carrying problem of Web 3.0, and also solve the traffic entry problem without killer applications for decentralized networks. Such a business cooperation space will appear incomparably full, and it may be the right way to open web 3.0 social networks.
Privatization and decentralization may sound very incompatible, but twitter's future looks really close to the Wave of Web 3.0. Such a product is really difficult to refuse, isn't it?
The Future of Social Media – What Should Web 3.0 Platforms Look Like?
So finally, let's imagine a question: What characteristics should the social platform of Web 3.0 have?
First, the Web 3.0 revolution for social platforms is the privatization of public rights, the decentralization of social networks, and the personalization of digital assets.
A user has a separate identity ID and its digital assets that can be considered personal and cannot be tampered with, such as 5Degrees, Cryberconnect's Web3.0 social networking protocol will establish a unified decentralized identity system for users, the content released by users is unique NFT (assetization), these assets belong to the user's personal ownership, the platform has no right to delete and modify at will, data ownership is closely related to the wallet address, each data address generated in the Dapp can be queried in the on-chain browser data query, data assets can be circulated and re-realized value distribution (such as NFT with celebrity effect), and the social network is a very open form The process of users participating in the construction of the platform is the contribution to the public rights of the platform, the content participating in the contribution can share the platform dividend, and the members of the DAO organization who participate in the maintenance of the platform are responsible for network security and data updates.
At the very least, users don't have to worry about being banned and deleted because they publish their ideas on social platforms, and the dynamic display of other social products is also restricted.
The core difference is that there is a clichéd problem, Web 1.0 and Web 2.0 are the products of the Internet of Information, while Web 3.0 is the product of the Internet of Value, compared with the traditional Internet, the biggest difference between Web 3.0 is the privatization of data and the decentralization of the platform.
In the social relationship, the web 3.0 era of social products will not appear migration problems, because the core bottom is the user ID, or the wallet address, the web 3.0 era of social relations in the data and information ownership belong to the user, data remains in the decentralized distributed ledger of social relations, social relationships can be migrated across platforms, you can see the information of other social platforms displayed on a Web3 .0 platform, data is no longer an island, Through the blockchain network has achieved series flow, value transmission, data sovereignty belongs to "I", to "I" used, is equivalent to the interaction of the information Internet, built a higher dimensional network carrier, the best attribution of this carrier is the metaverse, the siege of Web3.0 will eventually form a closed-end point of data circulation in the world of the metacosm.
At present, the more popular Web3.0 social platforms have 5Degrees, Cryberconnect, RSS3, Lens Protocol, etc., it must be seen that the Web3.0 products that rely solely on the Crypto circle are not the tomorrow that Web3.0 should be, the development of the industry is still in the early stages, the volume of these products is still not enough to support a new value "Internet", peer-to-peer data must rely on consensus to spread, Consensus may need a Web 2.0 platform even more to add to The Web 3.0's tomorrow.
This article was originally published in ChainDede, authorized by Titanium Media App, author: Dolji