5 blockchain-based social media platforms to know

Social media networks built on the blockchain are revolutionizing the way we share, interact and communicate with people online. These systems offer improved transparency, data ownership and decentralized incentives by utilizing the power of blockchain technology. 

This article will discuss five well-known blockchain-based social media sites: Steemit, Verasity, Binded, Audius and Sapien.

Steemit

Based on the Steem blockchain, Steemit is an innovative decentralized social media network. Users are paid for curating and creating content in this novel incentive approach. Users are motivated to create high-quality content and interact with the community since they can earn Steem (STEEM) tokens based on participation.

By fostering a thriving ecosystem of content producers and paying them directly, Steemit’s strategy transforms the conventional social media model.

Verasity

Verasity is another blockchain-based social media platform focusing on video content and monetization. It aims to empower content creators by providing a transparent and fair ecosystem for video sharing, viewing and earning rewards. Verasity utilizes its native token, VRA, to incentivize engagement, and reward both content creators and viewers.

Through blockchain technology, Verasity ensures the authenticity of views and provides a secure environment for content creators to monetize their videos. With features like ad blocking and ad fraud prevention, Verasity aims to improve the overall video content experience, while offering a sustainable monetization model for creators.

Related: 5 YouTube channels for learning graphic design

Binded

Binded is a cutting-edge blockchain technology-based platform designed specifically for photographers to protect their copyright. With Binded, photographers can safely upload their images to a blockchain-secured copyright vault. This ensures the authenticity and ownership of their work. Furthermore, Binded enables artists to share their creations while actively monitoring for any potential copyright infringements.

By leveraging the power of blockchain, Binded has successfully recorded and protected over 350,000 images, establishing itself as a reliable platform for copyright protection. In addition, Binded has simplified the copyright registration process for Instagram photos. Whenever a user posts an image on Instagram with the hashtag #Binded, it triggers an instant registration of the photo, ensuring quick and efficient copyright protection.

Audius

Audius is…