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Social Media
Web 3 Social Media Needs Dedicated Blockchains
General-purpose blockchains are awesome at DeFi, but prohibitively expensive for decentralized social media.

Reddit Co-Founder, Solana Ventures Launch $100M Initiative for Web 3 Social Media
Alexis Ohanian’s Seven Seven Six thinks Solana can support social at scale.

Discord CEO Hints at Ethereum Compatibility
Jason Citron posted a screenshot that shows Discord connecting to Ethereum, saying “probably nothing.”

Crypto Traders to Blame for 300% Sales Spike at Midwest Tungsten Service
While everyone is wondering why everyone is talking about tungsten, one manufacturer is cashing in.

Dapper Labs Backs $3.5M Raise for Crypto Social Media Startup Yup
Yup, which works a little like Pinterest, is the brainchild of two recent Columbia graduates.

How Signing In With Ethereum Allows Users to Control Their Own Data
As the dangers of letting Facebook control online identities are becoming increasingly evident, some suggest using Ethereum wallets could be an alternative to allowing users better control their own data. "The Hash" hosts discuss the concept of decentralized identity, and how signing in with Ethereum could be a significant step towards that future.

Facebook Outage: Could Crypto Shut Down?
Facebook went down Monday for a little over five hours due to configuration errors, with the damage reportedly costing an estimated $65 million. This comes as the social media giant faces allegations its platforms promote toxic content and harm users. Could the same error make crypto networks go offline? "The Hash" panel discusses the implications for the fragility of the internet at large, highlighting the importance of Web 3.0 and decentralization.

DeSo Launches $50M Fund for Decentralized Social Ecosystem
The Octane Fund will fuel development of early-stage social media projects for the blockchain.

Lil Nas X, Grimes Featured in TikTok NFT Collection
TikTok has announced an NFT collection auctioning next week called “TikTok Top Moments,” featuring contributions from artists including Grimes, Lil Nas X, and Bella Poarch. “The Hash” group discusses the industry implications for the social media app’s first experiment into the world of crypto and blockchain-based digital collectibles.
