What to Know About Web3 Social Media

Reddit, Facebook, and Instagram all get on the Web3 bandwagon. Three million bitcoin wallets have been created by Reddit users on the Polygon network since July, surpassing OpenSea in terms of the number of active wallets.

Creators on Instagram will soon be able to sell their own NFTs both inside and outside of the app. Last but not least, Twitter unveiled NFT Tweet Tiles, which let users buy, sell, and display NFTs directly through a marketplace listing and show an NFT's artwork in a separate panel within a tweet.

The goal of this essay is to help you take full advantage of the market transition from Web2 to Web3 and social media.

Social Media & Web3

Imagine that other social media users will be able to see anything you publish on Facebook, Instagram, or Reddit. This will soon be a reality because we support Polygon and Ethereum users.

You may traverse the new Web3 social media app development using our portfolio tracker, and you can also use it to acquire an in-depth evaluation of your assets, including the tokens and NFTs you presently have in your wallet. Tracking NFTs also provides you total command over your collections.

Obtain important, timely, and useful insights from your NFTs, such as:

• Previous floor pricing

• In-depth floor price

• Price fluctuation

• Cash spent

• Existing stock

• Losses and gains

Social Media & Web3

Gain from the union of social media and NFTs with this technology and stay one step ahead of the game in the upcoming social media Web3 wave.

Also Read : Why is Crypto Industry Moving Toward the Development of Web 3 Wallets?

With the explosion of Avatar Blue-chip NFT Collections like BAYC, CryptoPunks, and CloneX, we can only imagine the huge potential social media could unveil for Web3.

In comparison to Facebook's 2.9 billion users, Reddit has more than 1 billion monthly visitors. The introduction of Web3 to this big cohort may have a substantial impact on the retail industry and the creator economy.