News Digest

What Decentralization Offers Web 3.0, Social Media | Part 1

More than 2,000 people from around the world descended on Lisbon recently for the first major global conference for the world’s fourth-largest blockchain by market cap, Solana. “Breakpoint Conference 2021” was host to dozens of events. One particular announcement arguably stole the show: a US$100 million investment to help build decentralized social media applications on Solana. Seven Seven Six, the venture capital arm of Alexis Ohanian, co-founder of social media giant Reddit, partnered with Solana Ventures on what Ohanian called a “pivotal inflection point” in these early days of Web 3.0.

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