Decentralized Social (DESO)

Steem is a social blockchain that grows communities and makes immediate revenue streams possible for users by rewarding them for sharing content. It’s currently the only blockchain that can power real applications via social apps like Steemit. Shareholders of social media platforms made billions of dollars from user-generated content. Steem flips the model and returns the value to the people who contribute the most. Users become platform stakeholders, maintaining control over their data, and earning cryptocurrency rewards for each contribution they make. Unlike most blockchains that are too slow and expensive to be used for apps, Steem is fast, free, and scalable. Intelligent bandwidth allocation enables free transactions. The only blockchain that can handle social applications at scale. Steem processes more transactions than Bitcoin and Ethereum. It’s already used by over 1 million people on more than 324 Steem-based apps.

Friend.tech is a decentralized social media platform built on Coinbase's Layer 2 blockchain, Base. The platform allows users to tokenize their identity by selling and buying "keys" (previously known as "shares") of themselves to their followers. In turn, these followers become shareholders. This grants them the benefit of directly communicating with the user and accessing a new personalized engagement feature in their preferred online platforms, like Twitter and Telegram. Friend.tech is still in beta, but it has already attracted a lot of attention from the crypto community. Some people believe that it has the potential to revolutionize the way we interact with social media. However, others are skeptical about its long-term viability.