Opinion: Reddit's move to revoke API access is illustrative of a flaw that makes traditional tech vulnerable to replacement.
social platforms set out to offer all the functionality of a Web2 space but with this critical difference: Their objective is to maximize openness, collaboration with partners and transparency, not just the platform’s dollars and cents.
Since many Web3 social media platforms are owned and guided by their communities and highly value partner collaboration, they tend to be safer from arbitrary decision-making and profiteering. They are also built on blockchain technology, which can include financial rails that enable platforms, users and partners to synergistically profit from platform growth.
This means they will never forget the truth that Reddit and many other Web2 platforms seem to forget in the throes of ambition: that nurturing an engaged, innovative user and developer community leads to exciting functionality that serves the community. Social media platforms should be built to serve their communities, not just to produce profits for investors and executives. And however successful they may become, they should never turn their backs on the committed and enthusiastic developers that helped them at the start.has served as the founder and CEO of DSCVR, a Web3 social media platform, since 2022. He previously worked as a technical program manager for Google and as an engineering director for BCG Digital Ventures.
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Prepping the body for the bucking; more rodeo athletes buckle downCALGARY — Coy Robbins once thought running long distances was good training for riding a bull.
Leer más »
Reddit could slim down management as moves toward an IPOInside Reddit's path to an IPO, where employees see 'thrash' from constant pivots and say more managers may leave amid a flattening
Leer más »
Reddit AI vice president Jack Hanlon left earlier this yearInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Leer más »
DeSo offers $1M bounty for building decentralized RedditThe protocol cited growing discontent with centralized social media platforms as the reason for incentivizing a decentralized alternative.
Leer más »
Popular hiking trails at Three Sisters Falls and Cedar Creek Falls closed due to heatThe U.S. Forest Service announced the closures on June 30 because of excessive heat warnings and heat advisories
Leer más »
Swimming allowed again at Chicago beaches; Evanston beaches still closedAlong with Chicago, Evanston beaches are closed because of elevated E coli levels.
Leer más »