They are also built on blockchain technology, which can include (crypto) financial rails that enable platforms, users and partners to synergistically profit from platform growth.

Man, dude had a good thing going until he said that bullshit.

Despite the protests, Reddit's Huffman has persisted in arguing that Reddit is "a living organism, this democratic living organism, created by its users."

No way can a democratic society last under a corporatocracy which, by default, is essentially a dictatorship. And corporatocracy is exactly what Huffman is pushing.

Y’know, it’s highly hypocritical that the article mentions the reason for the API shutoff is to force users to pay for the content while redditcorp doesn’t pay for the content users generate that reddit wants those same users to pay to access.

Lol I love how they completely ignore the real Reddit placements like Lemmy and Kbin in favor of “web3” crypto bullshit 🙄

Yeah you don’t need blockchain to have an open, collaborative, community driven social media platform. In fact every blockchain + something project I’ve very seen would work just as well or better if you removed the blockchain part haha.

They had me until they started pushing their Web3 bullshit. Crypto bros co-opted the term and kept it away from "real" Web 3.0 tech like the fediverse.

For anyone interested: it doesn't mention the price.

Crypto bagholder detected!

Crypto shill article. Disappointed to see this upvoted here.

Cryptobro crap. You don’t need blockchains for anything.

My first topic downvote since switching. Let’s not turn the fediverse into a new place to promote crypto scams.

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.

This is painful to read. Calling out the betrayal.

So the solution is blockchains and NFTs? Right.

Fuck crypto, go home