Social Apps Are Likely To Become The Next Major Trend In Cryptocurrency
As the cryptocurrency and blockchain industry becomes increasingly popular worldwide, one cannot help but wonder as to what the next big breakthrough will be for the world’s seemingly new favourite digital asset class. Well, the answer could be social applications, as these apps strive to become more secure, private and perhaps most significantly, decentralized.
As such, the most recent dip experienced by the cryptocurrency market last week, which was about 30% before the occurrence of a relatively fast recovery, caused many to ponder on what could possibly come next. To that end, we would need to observe the world of social applications and how these have progressed in recent years. Simply put, there is an increase in demand for widely usable and solid applications which can utilized alongside cryptocurrencies and blockchain technology, thereby increasing compatibility. As cryptocurrencies become more commonplace, many would look towards the social media applications to provide crypto related services.
Web 3.0
One of the more interesting aspects observed was the fact that many of the discussions centred around Web 3.0’s future and longevity are actually still taking place on various centralized Web 2.0 platforms. We can therefore assume that there is a demand for cryptocurrency-native flows and principles within the landscape of social applications.
Furthermore, implementing enhanced security and privacy facets into community interaction and communication layers shall also go a long way towards guaranteeing the eventual shift from centralization and striving to empower various communities and individuals.
This makes all the sense too, as it would prove difficult to deny the innate desire to be able to expand and connect the lives of numerous individuals over various communities as the world becomes more digitalized. Thus, adding activities directly associated with cryptocurrencies such as the involvement of DeFi or the formation of NFTs will ultimately be considered mainstream and will therefore become an essential part of online communities.
Society is changing
If we were able to successfully get rid of various intermediaries from the respective process of value exchange, then a completely new and innovative type of online interaction for human beings can be achieved. It would also not matter if this process was transactional, communication based or perhaps even purely social in nature, as this new dynamic will almost certainly play a key role in determining how people react in opposition to various roles that we as human beings are currently associated with when it comes to Web 2.0 products and services.
The new technologies such as cryptocurrencies and blockchain will hence not only become more streamlined as time goes on, but social applications are bound to be supported these technologies and practices as well. Furthermore, as far as cryptocurrency may be concerned, working alongside the aforementioned social applications can potentially do wonders for prominent figures in the crypto industry as topics such as NFTs and DeFi become more mainstream.
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