Does DAO Blockchain Development hold the potential to Revolutionize Social Media?

submitted 2 years ago by defidevelopmentservices to cryptocurrency, updated 2 years ago

DAO has been the buzzword in the blockchain industry for quite a long time now. DAO blockchain development is equipped with various properties that make it a suitable fit for transforming the social media industry. DAOs tend to be inherently social because whenever a DAO instantiates, a social network emerges. Moreover, when it comes to the social media companies dealing with user data every moment, blockchain-powered DAO can help with better data transparency, ownership, and accountability while addressing the other existing concerns. Blockchain tokens hold the potential of modifying existing arrangements and enable creators on social media to monetize their fanbase with the help of mechanisms DAOs deploy for rewarding their members for contributions.

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