'Web 3 Adds Two Layers to the New Social Tech Stack' socialmedia blockchaintechnology
, a social network for entrepreneurs. These products allow different communities to connect, interact, and create value for each other. On Blind, thousands of users share professional information in an anonymous context, allowing them to share things they could not previously . CoFoundersLab is a great example of a community formed around a purpose and enabled by a product .
Protocols and algorithms necessary for the New Social can be organized into the following main layers:The monetary/legal layer Closest to the user in the New Social tech stack is the user layer. In the new paradigm, user data is owned at the edges, not within the applications or platforms. One could imagine a “personal data locker” that contains all relevant user information.
. Decisions on how the monetary/legal layer evolves, along with any other type of decision from product to staffing, can now be made collectively by all relevant stakeholders. We are seeing a whole range of different mechanisms, from one-person-one-vote to liquid democracy — being used to govern digital platforms and communities. Smart contracts and the increasing prevalence of ready-to-use frameworks have enabled this innovation.
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