Farcaster

1/ 🧵📊 A $101B market by 2033?

As social media platforms like X face bans and concerns about privacy, censorship, and data breaches grow, decentralized social media alternatives like Lens Protocol and Farcaster are on the rise. 📈

Let’s dive into Onchain’s latest article!👇

2/ Decentralized platforms offer a new model where users own their data, benefit directly from content monetization through tokens and NFTs, and participate in decentralized governance. It’s a shift from centralized control to true user empowerment. 🌐

3/ While challenges like scalability and adoption remain, the potential is undeniable. With a projected $101B market by 2033, decentralized social networks are set to transform how we connect online. 🚀

1/ 🧵📊 A $101B market by 2033?

As social media platforms like X face bans and concerns about privacy, censorship, and data breaches grow, decentralized social media alternatives like Lens Protocol and Farcaster are on the rise. 📈

Let’s dive into Onchain’s latest article!👇

2/ Decentralized platforms offer a new model where users own their data, benefit directly from content monetization through tokens and NFTs, and participate in decentralized governance. It’s a shift from centralized control to true user empowerment. 🌐

3/ While challenges like scalability and adoption remain, the potential is undeniable. With a projected $101B market by 2033, decentralized social networks are set to transform how we connect online. 🚀
https://onchain.org/magazine/decentralized-social-media-is-desoc-ready-for-prime-time/