Social applications are the next big trend in crypto

Social applications are the next big trend in crypto

Last week’s tumultuous 30% crypto market dip and subsequent quick recovery left many wondering what comes next. Crypto circles aside, the conversation around the importance of building solid, broadly usable applications is louder than ever. Crypto will cease to be perceived as a casino on the edges of the internet when participation outweighs speculation. 

An interesting dynamic we are seeing is that the conversations around the future of Web 3.0 are still happening on centralized Web 2.0 platforms. The need for crypto-native principles and flows within the social application landscape is clear. Adding privacy and security to the communication and community interaction layer will ensure the switch from centralized power to empowering individuals and communities finally gets underway.

Related: DeFi snowball will turn into a Web 3.0 avalanche

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I see crypto-based social applications as a cornerstone of crypto evolution. Current chat and community spaces like Telegram and Discord can be a good start, but they are still closed-source, centralized and far

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