Does Web3 need to move on from Twitter? | 04/01/23
WEB3 Consultant and Project Manager
The impact of Elon Musk purchasing Twitter has been a topic of much discussion and debate among creators, particularly those in the Web3 space who rely on the platform for marketing. Many have expressed concerns about the instability of the platform, citing the frequent product changes and rule-changes as well as instances of censorship as reasons for their unease.
One example of this instability is the decision to remove Twitter Spaces, a feature that allowed users to participate in audio conversations, after Musk was called out in a Twitter Space with journalists. This decision has led some to question whether Musk’s commitment to free speech, which he cited as a reason for purchasing Twitter, is genuine or whether it is simply a façade to cover up his own interests.
Another concern is the fact that those who have spoken out against Musk or his companies have had their accounts permanently banned, which has led some to believe that Musk is using his power as the owner of Twitter to silence dissent. This is especially troubling for creators who rely on the platform to market their work and who may be hesitant to speak out for fear of retribution.
The instability of the platform has also led to frustration among creators who are trying to use it as a marketing tool. The frequent changes and rule-changes can make it difficult for them to develop a consistent and effective strategy, as they must constantly adjust to the evolving landscape. This can be particularly frustrating for creators who are trying to build a brand or business on the platform, as they may find it difficult to establish a strong presence in the face of these challenges.
In light of these issues, it is clear that a decentralised social media platform may be the key to addressing the problems we are facing on platforms like Twitter. Decentralised platforms are not owned by any single individual or entity, which means that they are less susceptible to the interests and biases of a single person or group. This can create a more stable and fair environment for creators, who can feel more confident that their work will not be suppressed or censored because of the views they express.
Decentralised platforms also offer the potential for greater transparency and accountability, as they are built on open-source technology and are governed by community-driven protocols. This can make it easier for users to understand how the platform works and how decisions are made, which can foster a greater sense of trust and confidence in the platform.
It is worth noting that decentralised platforms are still in the early stages of development and may not yet be as feature-rich or user-friendly as some of the more established platforms. However, as more creators and users begin to adopt these platforms and contribute to their development, it is likely that they will become more robust and capable of meeting the needs of a wide range of users.
In conclusion, the impact of Elon Musk purchasing Twitter has been significant for creators, particularly those in the Web3 space who rely on the platform for marketing. The instability of the platform, as well as instances of censorship and suppression of dissent, have led many to consider alternative, decentralised platforms as a more stable and fair option for sharing their work and engaging with their audience. While decentralised platforms may still be in the early stages of development, they offer the potential for greater stability, fairness, and transparency, which are all important considerations for creators who rely on social media platforms to share their work and build their brand. As decentralised platforms continue to evolve and mature, it is likely that they will become a more viable option for creators looking for a stable and fair environment in which to share their work.