Category: social media

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Polygon, Reddit Co-Founder’s VC Firm Launch $200 Million Social Media Web3 Fund

The team behind Polygon, the protocol dedicated to interconnected blockchain networks like Ethereum, and Alexis Ohanian’s Seven Seven Six venture capital company have revealed a $200 million investment fund in blockchain-based social media projects. According to the announcement, the partner’s mission is to attempt to bridge blockchain, Web3 technology, and social media together. Polygon and…
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Jack Dorsey’s Decision to Quit Twitter Is Not a Vote of Confidence in Future of Social Media

  Theo Tzanidis, Senior Lecturer in Digital Marketing, the University of the West of Scotland. ______… Read More: Jack Dorsey’s Decision to Quit Twitter Is Not a Vote of Confidence in Future of Social Media  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Study Finds Most Popular Cryptocurrencies With Russian Social Media Users

In a year with rising crypto prices, online chatter devoted to cryptocurrencies has increased significantly. Research carried out on Russian social media has identified the most talked about coins and it’s not just bitcoin on people’s minds. Experts List Most Mentioned Cryptos on Russian Social Media Brand Analytics, a company specializing in media monitoring in…
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We Know Better Than to Allow Facebook to Control the Metaverse

Bree McEwan, Associate Professor, Institute of Communication, Culture, Information, and Technology, University of Toronto._______ In the midst of the scandals of the Facebook papers, Facebook rebranded the company as Meta. The new name was designed to reflect a focus beyond the Facebook social network platform, and into the metaverse — the extension of the internet…
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Torrent Website Called The NFT Bay Reignites Controversy Over Non-Fungible Tokens

There’s a new website the crypto community has been discussing called The NFT Bay, a web portal that operates in a similar fashion to The Pirate Bay (TPB), because the platform hosts a huge selection of NFTs stemming from various blockchain platforms for free. On Thursday, the web portal’s creator revealed a file called “The…
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Wealth flex? Coinbase now allows users to share their crypto allocations

“We want to empower the cryptoeconomy to share knowledge and information and learn from each other,” said Coinbase senior product manager Rishav Mukherji. All of United States-based crypto exchange Coinbase’s roughly 68 million verified users can now more easily make information on their portfolio public. In a Coinbase blog post on Friday, senior product manager…
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Alexis Ohanian, Solana Ventures launch $100M Web 3.0 growth fund

Venture capital funds are eyeing Web 3.0-powered social networks as the next major growth vector in crypto and blockchain. Reddit co-founder Alexis Ohanian has teamed up with Solana Ventures to launch a new investment fund dedicated to Web 3.0 and social projects, potentially setting the stage for the next wave of budding crypto startups.  Ohanian…
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Reddit to reportedly tokenize karma points and onboard 500M new users

Reddit engineer, Rahul, highlights the social media platform’s efforts to improve user interaction through various cryptocurrency initiatives. American social media giant Reddit may soon convert users’ karma points into Ethereum-based (ERC-20) tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer. A series of tweets made by…
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Coinbase regains #1 position on Apple App Store as Crypto​.com jumps to third

Crypto​.com’s jump to third could be the result of Matt Damon’s recent TV spot promoting the exchange. Cryptocurrency exchanges Coinbase and Crypto.com are now two of the most downloaded apps for the U.S. Apple App Store, topping the charts at first and third place, respectively. According to the Top Charts list on the Apple App…
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Reddit may be preparing to launch its own NFT platform

Other social media platforms including Twitter and Facebook have been working to support NFTs, if not create a competitor to major marketplaces. Social media platform Reddit appears to be hiring workers to support the design, build, and maintenance of a nonfungible token platform. According to a Greenhouse job posting, Reddit is looking for a senior…
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