Recently, top media platforms such as Facebook, Youtube, and Reddit have announced news and initiatives related to Web3. For example, YouTube posted a director-level role for “Youtube Web3” requiring 15 years of experience and an understanding of cryptocurrencies, blockchain, consensus mechanisms, NFTs, and other Web3 technologies.
Web3 refers to a new iteration of the internet built on blockchain infrastructure, with decentralized use rights. Here’s what you need to know.
Social Media Will be Decentralized
Recent months have seen the rise of Web3 social platforms, with internet giants from Web2 and executives from tech giants embracing Web3.
Julien Gaillard, head of the data scientist at Twitter Spaces, Ryan Wyatt, head of YouTube gaming, and Jack Dorsey, co-founder of Twitter, have all left the tech giants to join the Web3 world.
Meanwhile, Web3 social platforms have been particularly prominent.
On Feb. 8, DeFi lending giant Aave launched its Web3 social media platform Lens
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