One interesting layer of the emerging Web3 space is social media. There is no company yet who has made a sizeable impression in the space and captured a dominant slice of the market share, despite many claiming that social media is ripe to be disrupted by the technology that Web3 can offer.
This is becoming all the more pressing area in the current age where social media platforms are facing controversy over what constitutes free speech, and what power centralised companies such have. Not to mention billionaires launching bids to make prominent social media websites private.
I interviewed CyberConnect co-founder & CEO, Wilson Wei, following the launch of its inaugural product, Link3, in order to get some insights into this area.
As a social network of verifiable identities, Link3 will utilise both on-chain and off-chain data to deliver verifiable information. The Link3 profile page also serves as one’s holistic identity, which CyberConnect claim will enable more trustworthy networking and meaningful connections among users and organisations. It’s a new concept, and coming at such a poignant time with regards to the wider market and society’s view of social media, it presents as an interesting interview.
CoinJournal (CJ): How damaging do you think the bear market is here in terms of persuading normal people to emigrate from conventional social media to this novel blockchain-domiciled version? Psychologically, do you think it will now be harder to gain traction?
Wilson Wei (WW): Web2 users’ interest has definitely decreased due to the market. However, the vision of Web3 Social and Link3/CyberConnect is to build a better internet with verifiable and holistic identities that foster trust, more meaningful connections, and better user control over their data.
It is an improvement on what we had in conventional social
