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0-.297-.02-.573-.055-.831v.001Z"/></g><defs><clipPath id="a"><path fill="#fff" d="M0 0h109.895v18H0z"/></clipPath></defs></svg>{"id":24858,"date":"2022-07-11T18:33:49","date_gmt":"2022-07-11T17:33:49","guid":{"rendered":"http:\/\/pley2win.com\/metaverse\/social-media-platforms-are-jumping-into-web3\/"},"modified":"2022-07-11T18:33:49","modified_gmt":"2022-07-11T17:33:49","slug":"social-media-platforms-are-jumping-into-web3","status":"publish","type":"post","link":"https:\/\/pley2win.com\/?p=24858","title":{"rendered":"Social Media Platforms are Jumping into Web3"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/wp.dappradar.com\/wp-content\/uploads\/2022\/07\/dappradar.com-social-media-platforms-are-jumping-into-web3-social-media-platforms-are-jumping-into-web3-1.png\" \/><\/p>\n<div>\n<h2 class=\"entry-subtitle\">Facebook, Instagram, and Reddit choose Polygon and Ethereum to enter the new iteration of the internet.<\/h2>\n<p><strong>Meta (Facebook, Instagram) and Reddit seek to capitalize on Web3 and are changing their business models to adapt accordingly. Facebook changed its brand name to Meta and now offers digital collectibles support for select creators. Instagram offers NFT support with Polygon, and most recently, Reddit launched its \u00b4Collectible Avatar` Marketplace.<\/strong><\/p>\n<p>We will remember 2022 for three things: the bear market, crypto regulations worldwide, and strong partnerships between large web2 and web3 players heralding mass adoption.\u00a0<\/p>\n<p>One of the most important traits of Web3 is digital ownership, and a key element for mass adoption lies in unlocking the creator economy. <\/p>\n<p>We at DappRadar have anticipated this market evolution and are prepared with advanced tools and products to embrace it fully.\u00a0<\/p>\n<p>Let\u00b4s go over the many functionalities you can gain by using our products and how you can benefit from the ongoing market transition.\u00a0<\/p>\n<h2>DappRadar\u00b4s Portfolio Tracker and Social Media<\/h2>\n<p>Imagine a scenario where whatever you do on Facebook, Instagram, or Reddit, will also be visible on DappRadar. This will soon become a reality because we support Polygon and Ethereum users.<\/p>\n<p>Using our portfolio tracker, you can see what tokens and NFTs you have in your wallet and a detailed valuation of your assets. Moreover, you can track NFTs, giving you total control over your collections.<\/p>\n<p>Gain powerful real-time actionable insights into your NFTs, such as:<\/p>\n<ul>\n<li>Previous floor price<\/li>\n<li>Current floor price<\/li>\n<li>Change in price\u00a0<\/li>\n<li>Amount spent\u00a0<\/li>\n<li>Current holdings\u00a0<\/li>\n<li>Profit &amp; loss<\/li>\n<\/ul>\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Discover the new DappRadar PORTFOLIO TRACKER | Manage Crypto and NFTs\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/WHL_uYv8riA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/figure>\n<h2>DappRadar\u00b4s NFT Collections Explorer and Social Media<\/h2>\n<p>Stay one step ahead of the game with this tool and benefit from the upcoming combination of social media and NFTs. With the explosion of avatar blue-chip NFT collections like BAYC, CryptoPunks, and CloneX, we can only imagine the immense value social media could unlock in this space.\u00a0<\/p>\n<p>Facebook alone has 2.9 billion users, and Reddit has over 1 billion monthly users. Introducing Web3 to this massive demographic can have an enormous impact on the retail market and the creator economy.<\/p>\n<p>Moreover, NFTs are not just pretty pictures; you can own commercial rights to use them. For now, the entry floor prices of such collections make them very pricy, but perhaps the presence of Web2 will breed a new kind of NFT, including ownership rights that are more accessible.<\/p>\n<p>DappRadar\u00b4s NFT Collections Explorer estimates prices powered by a machine learning algorithm that looks at the metadata of past sales to determine the value of your most precious assets.\u00a0<\/p>\n<p>Things you can do with the NFT Collections Explorer:<\/p>\n<ul>\n<li>Search through thousands of collections, find NFTs, and take action.<\/li>\n<li>Prepare for drops and analyze early market data to find the next NFT unicorn.<\/li>\n<\/ul>\n<ul>\n<li>Explore NFT collections on Ethereum (more chains coming soon).<\/li>\n<li>Find and prepare for upcoming NFT drops and special edition mints.<\/li>\n<li>Analyze NFT market activity using industry-standard metrics.\u00a0<\/li>\n<li>Dive into individual NFT collections using accurate market data and metadata filters.<\/li>\n<li>Track activity and follow the smart money using the DappRadar Portfolio Tracker.\u00a0<\/li>\n<\/ul>\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Introducing the New NFT Collections Explorer\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/fkEaXYLOW-s?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/figure>\n<h2>DappRadar\u00b4s Soulbound Tokens and Contribute2Earn\u00a0<\/h2>\n<p>DappRadar, as the World\u2019s Dapp Store, is on its way to becoming a social powerhouse for the vibrant web3 community. We are working on SoulBound Tokens (SBTs), which can be used as a social scoring system to verify identity, reputation, and credibility.\u00a0<\/p>\n<p>With DappRadar\u00b4s portfolio and SBTs, one wallet equals one identity across different applications. These special tokens can help NFT creators and artists build a reputation among target communities and make it verifiable. For example, an artist could issue NFTs from their Soul (or account).\u00a0<\/p>\n<p>The more SBTs the artist\u2019s Soul carries, the easier it would be for collectors to identify the Soul\u2019s owner as that artist. Moreover, SBTs serve as a Web3-based resume revealing a person\u00b4s academic qualifications and professional credentials.<\/p>\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Introducing RADAR | Launch Event Recap\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/z9zRddRNp5Y?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/figure>\n<p>SoulBound Tokens (SBTs) fit into DappRadar\u00b4s Contribute2Earn ecosystem, a model that rewards everybody who creates content, curate dapps, reviews, or even develops features.<\/p>\n<p>Your creative contributions can become part of your Web3-based resume with Contribute2Earn, enriching our platform and perhaps helping you boost your career as the market shifts into Web3.<\/p>\n<h2>The Creator Economy and the rise of Web3<\/h2>\n<p>The explosion of social media platforms led to the emergence of the creator economy. Suddenly, creators could share their content on a massive scale with their followers and contribute to a multi-billion dollar industry.\u00a0<\/p>\n<p>However, creators see only a fraction of their revenue with Web2 social media platforms like Facebook, Instagram, TikTok, and YouTube. The centralized nature of content \u201cgatekeepers\u201d platforms is to blame.<\/p>\n<p>Web3 introduces decentralization and the opportunity for true digital ownership. Many creators see it as a path to becoming less reliant on traditional platforms and a more egalitarian business model.\u00a0<\/p>\n<h2>Closing thoughts<\/h2>\n<p>We are witnessing the evolution of the internet from centralized Web2 \u201cgatekeeping\u201d business models to more decentralized ones. All made possible by Web3, which intends to give participants autonomy and control.<\/p>\n<p>Decentralization and digital ownership help level the playing field for all participants involved. Micro-influencers, in particular, who struggle in saturated social media platforms with unfair revenue models can benefit greatly from what Web3 offers.\u00a0<\/p>\n<p>Social media platforms like Meta (Facebook, Instagram) and Reddit are choosing Polygon and Ethereum to enter this space. The move signals that Web3 has enormous value and will play a fundamental role in the future of the creator economy.<\/p>\n<p>Traditional social media platforms have barely just started jumping on the innovation bandwagon. We at DappRadar are building a solid community based on the egalitarian, decentralized values of Web3 with our RADAR token and Contribute2Earn model.\u00a0<\/p>\n<p><!-- --><\/p>\n<p><!-- --><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/dappradar.com\/blog\/social-media-platforms-are-jumping-into-web3\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Facebook, Instagram, and Reddit choose Polygon and Ethereum to enter the new iteration of the internet. Meta (Facebook, Instagram) and Reddit seek to capitalize on Web3 and are changing their business models to adapt accordingly. Facebook changed its brand name to Meta and now offers digital collectibles support for select creators. Instagram offers NFT support [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":24859,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/dappradar.com\/blog\/static\/284ae820cc6bb6f245e730c985ad0229\/76776\/dappradar.com-social-media-platforms-are-jumping-into-web3-social-media-platforms-are-jumping-into-web3-1.png","fifu_image_alt":"","footnotes":""},"categories":[681],"tags":[],"class_list":["post-24858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metaverse"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Social Media Platforms are Jumping into Web3 - Gaming News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pley2win.com\/?p=24858\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Social Media Platforms are Jumping into Web3 - Gaming News\" \/>\n<meta property=\"og:description\" content=\"Facebook, Instagram, and Reddit choose Polygon and Ethereum to enter the new iteration of the internet. Meta (Facebook, Instagram) and Reddit seek to capitalize on Web3 and are changing their business models to adapt accordingly. Facebook changed its brand name to Meta and now offers digital collectibles support for select creators. Instagram offers NFT support [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pley2win.com\/?p=24858\" \/>\n<meta property=\"og:site_name\" content=\"Gaming News\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-11T17:33:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dappradar.com\/blog\/static\/284ae820cc6bb6f245e730c985ad0229\/76776\/dappradar.com-social-media-platforms-are-jumping-into-web3-social-media-platforms-are-jumping-into-web3-1.png\" \/>\n<meta name=\"author\" content=\"pley2win\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/dappradar.com\/blog\/static\/284ae820cc6bb6f245e730c985ad0229\/76776\/dappradar.com-social-media-platforms-are-jumping-into-web3-social-media-platforms-are-jumping-into-web3-1.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"pley2win\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Social Media Platforms are Jumping into Web3 - Gaming News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pley2win.com\/?p=24858","og_locale":"en_US","og_type":"article","og_title":"Social Media Platforms are Jumping into Web3 - Gaming News","og_description":"Facebook, Instagram, and Reddit choose Polygon and Ethereum to enter the new iteration of the internet. Meta (Facebook, Instagram) and Reddit seek to capitalize on Web3 and are changing their business models to adapt accordingly. Facebook changed its brand name to Meta and now offers digital collectibles support for select creators. 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