Solana’s mainnet now features Solcial, the first social network based on Solana, allowing users to design and share content for fair rewards.
Starting with November 2022, Solcial worked only based on invites as the team behind worked on finishing up some important features. Solcial already has over 1,200 active users and the social network is really focused on Web3 enthusiasts and creators who wish to experience new income streams and possibilities.
Solana’s social network enables creators to coin and trade their own digital assets and even introduces paywalls to hide certain content which is to be revealed after the creators receive a specific amount of tokens. This model is what Solcial calls invest-to-subscribe. Besides tokens, each Solcial user can mint and showcase NFTs straight on the social network. Since it was designed on Solana, users can benefit from low fees, speed, and convenience.
According to Solcial’s Communications Lead, the team wished to provide the crypto generation with a Web3 platform that was strictly focused on crypto. Solcial wishes to continue to be resistant to censorship and decentralized to allow creators to feel comfortable in regard to their revenue streams, without being wary of bans or demonetization strategies.
Solcial has a reward mechanism that benefits users who bring the most value. This is an effort to discourage low-quality content and engagement farming. Solcial states that its users won’t deal with censoring outside of reasonable community moderation. Currently, the team behind Solcial works on releasing apps for iOS and Android and rolling out new features such as encrypted private messaging between Solcial users and other community-oriented updates.