​​The Next Web 3.0 Social Media Will Be Built on Solana

​​The Next Web 3.0 Social Media Will Be Built on Solana

Seven Seven Six Ventures has identified Solana as the prototypical blockchain for building the next social media network.

Solana has gained recognition for becoming the next center of Web 3.0 gaming and decentralized social networking. However, making a social media platform on Cardano could be developed faster due to its huge coding community.

Lisbon, Portugal, has become an epicenter of the blockchain space. Between November 7th — 10th, 2021, Solana is hosting its first annual, global conference called Breakpoint. Over the many panels, the common consensus is that Solana is an ideal platform to develop the next internet on.

Solana Is Preferred for Web 3.0

Coincidently, the price of Solana reached an all-time high of $260 on November 7th, the opening day of Breakpoint 2021. What’s more, Solana is gaining a reputation for its future use case, fitting the characteristics upon which Web 3.0 social networks can be built.

Reddit’s co-founder, and the founder of Seven Seven Six Ventures, Alexis Ohanian, stated on Monday, during the Solana conference, that the latter company will be creating a $50 million fund to develop social media projects on Solana.

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