AlternativeCryptocurrencies
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Decentralized Social Media Alternatives
#AlternativeCryptocurrencies
#BrazilReal
In the absence of X, many Brazilian crypto enthusiasts have turned to decentralized social media platforms for updates.
One such platform is Farcaster, a decentralized social media protocol launched in 2020 by former Coinbase alumni Dan Romero and Varun Srinivasan.
Farcaster has experienced rapid growth this year, increasing its user base from 4,318 in January to 68,485 in August.
While most of Farcaster’s users are based in Europe, 9% are located in South America, offering a potential alternative for Brazilian crypto users seeking a replacement for X.
Alex Masmej, CEO and founder of Draculaapp, a decentralized social media app built on Farcaster, highlighted the resilience of decentralized networks.
“Decentralized networks like Farcaster have many hubs, or nodes, that hold social media data,” Masmej said. “You can’t shut down Farcaster in a single country because of this. It’s much harder to kill something that is open.”
In addition to Farcaster, the social network MeWe is becoming a popular alternative to X.
MeWe was founded by internet and crypto entrepreneur Mark Weinstein. MeWe resembles Facebook, but doesn’t contain ads or targeting.
Jeffrey Edell, CEO of MeWe, told Cryptonews that the social media platform takes a privacy-first approach, allowing all users to own and control their own information.
$BNB
“Social media today has lost its way, the networking and relationship based platforms we first connected with are now flooded with ads, bots and less and less ways for individuals to express the true version of themselves,” Edell said. “With over 20 million users and 700,000 groups, MeWe is in a strong position to help people that are looking for alternative ways to be social online today.”
Challenges Remain for X Users in Brazil
Despite the availability of decentralized alternatives, many in Brazil’s crypto community are still struggling without X.
#AlternativeCryptocurrencies
#BrazilReal
In the absence of X, many Brazilian crypto enthusiasts have turned to decentralized social media platforms for updates.
One such platform is Farcaster, a decentralized social media protocol launched in 2020 by former Coinbase alumni Dan Romero and Varun Srinivasan.
Farcaster has experienced rapid growth this year, increasing its user base from 4,318 in January to 68,485 in August.
While most of Farcaster’s users are based in Europe, 9% are located in South America, offering a potential alternative for Brazilian crypto users seeking a replacement for X.
Alex Masmej, CEO and founder of Draculaapp, a decentralized social media app built on Farcaster, highlighted the resilience of decentralized networks.
“Decentralized networks like Farcaster have many hubs, or nodes, that hold social media data,” Masmej said. “You can’t shut down Farcaster in a single country because of this. It’s much harder to kill something that is open.”
In addition to Farcaster, the social network MeWe is becoming a popular alternative to X.
MeWe was founded by internet and crypto entrepreneur Mark Weinstein. MeWe resembles Facebook, but doesn’t contain ads or targeting.
Jeffrey Edell, CEO of MeWe, told Cryptonews that the social media platform takes a privacy-first approach, allowing all users to own and control their own information.
$BNB
“Social media today has lost its way, the networking and relationship based platforms we first connected with are now flooded with ads, bots and less and less ways for individuals to express the true version of themselves,” Edell said. “With over 20 million users and 700,000 groups, MeWe is in a strong position to help people that are looking for alternative ways to be social online today.”
Challenges Remain for X Users in Brazil
Despite the availability of decentralized alternatives, many in Brazil’s crypto community are still struggling without X.
