Crypto Social Media Meltdown: Can Blockchain Thrive Beyond Just Finance?

In the wild world of crypto, dreams of revolutionizing everyday life often crash hard. The recent has left many asking a tough question: Is blockchain only good for finance, or can it power real-world apps like social networks? With crypto prices tumbling and projects folding left and right, this failure spotlights bigger issues in the space.

What Went Wrong with Blockchain Social Media?

Blockchain-based social platforms promised a lot. They aimed to fix Big Tech’s problems—no censorship, user-owned data, and rewards for creators via tokens. Sounds great, right? But most have struggled to gain users.

Take decentralized Twitter clones. They hyped peer-to-peer (P2P) posting and crypto tips. Yet, adoption stayed low. Why? Slow speeds,…

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