Ignas | DeFi Research

Ignas | DeFi Research

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Ignas | DeFi Research
Decentralized Social Media: Vision vs. Reality and Emerging Opportunities
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Decentralized Social Media: Vision vs. Reality and Emerging Opportunities

Here's how it feels to use DeSoc apps and the catalysts for growth.

Ignas | DeFi Research's avatar
Ignas | DeFi Research
Oct 26, 2023
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Ignas | DeFi Research
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Decentralized Social Media: Vision vs. Reality and Emerging Opportunities
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Why did Vitalik Buterin choose to do an AMA on Farcaster, a decentralized social media platform, instead of Twitter? And why isn't he on Friend tech, the hottest SocialFi app, even though he actively uses Farcaster?

I believe decentralized social media (DeSoc) has a grand vision and story that can captivate our imagination and create a new class of wealthy enthusiasts.

In this post, I will share the story and discuss where we are currently implementing it. Hopefully, you'll understand why Vitalik is using DeSoc while most crypto users are still looking for alpha on Twitter.

I’ll also share a few catalysts for growth at the end. First, make sure to check what Reserve, this week’s sponsor, has to offer.

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