The Blockchain Industry has made its way globally and has found its way into almost every aspect of the internet.
From meme coins being created from viral memes on social media to social media platforms being developed by cryptocurrency platforms, the blockchain industry has diversified itself, and the internet is on board with this.
Traders use social media platforms to announce their intentions to help individuals trade, and exchanges have their social media platforms to engage with the users of their networks. While these are just a few examples, there are massive ways in which social media have adopted crypto.
YouTube Channels And Cryptocurrency.
There are a large number of YouTube channels dedicated to educating people on the intricacies of crypto. As the days go by, these educational resources get updated with more information being added to them.
YouTube is generally a great place for people who use social media as a source of information to learn all they need to about crypto as they will not only get audios explaining crypto from start to finish, but they would also get explanations in video formats which would help them assimilate even faster.
There are various accounts on YouTube for these lessons, and it is no doubt that it can be said that cryptocurrency has infused YouTube.
Facebook, Twitter, And Reddit.
Social media platforms like Facebook and Reddit are also famous for conveying knowledge on crypto. Some of the best content on these platforms come from big crypto players like the Ripple platform. They have attracted many people to their platform by sharing educational content and hosting webinars on cryptocurrencies to almost a million followers.
For a big brand like this, this action is an excellent way to build up trust between them and the people on the internet and a great way to open the door to a world of marketing their services if the skepticism around crypto is considered.
The connection between cryptocurrency and social media has always existed, and it is becoming more apparent that crypto-based social media platforms will soon become the norm. Companies like Honest, Hive and Mamby have created crypto-inspired social media networks in the past two years. The most exciting part about these platforms is the rewarding system for users to interact on the platform.
Cryptocurrency-Based Social Media Networks And Privacy.
The blockchain industry takes security and privacy seriously, so there is no doubt that a social media platform built to be blockchain-based would offer anything less than maximum security.
Along with the fact that most social media platforms built based on cryptocurrency would be tokenized, they will also offer their users a safe space where the issue of their privacy being invaded would not be a source of worry in any way.
This would be a way for crypto social networks to find the weaknesses in the existing social media platforms and build upon them as a strength by creating a platform that solves all those problems.
For Platforms like WhatsApp, some traders have made it their marketplace. On their statuses, they post rates of various cryptocurrencies and offer to trade them for those who wish to. While collecting their prices, they act as mediators of some sort for crypto exchanges but not on an official scale but just as the third party for individuals who have no interest in learning how to trade on their own or those who are just getting involved in the blockchain industry.
Conclusion
Crypto has made its way into social media in various ways and will continue to infuse every part of the internet. It would be a thrill to see just how far it can go and how well blockchain-based platforms can do.
