We strongly believe the web3 platform that wins, will be a platform that would have won on web2, and will need to be able to garner massive attention, have a clean UX, and a top tier product. It is no surprise web3 social platforms are being valued at this rate, because of the massive potential and ease of users to become invested in the platform they are using. Already we see BitClout with just 300,000 users having a token valuation of 1.2 Billion dollars. To many thought leaders, it is obvious the masses will be onboarded to web3 through a social platform.The platform that accomplished this, given the fact that crypto price is based on value of attention, could reach a multi-trillion dollar market cap. As the platform that onboards these users and gives them access to their first wallets, a swap built into the platform with an app already downloaded on their phone, the platform will have a massive stake in the web3 space. Focusing on these metrics, Flic will bring an entire generation of web2 users onto web3 seamlessly. It is no surprise web3 social platforms are being valued at this rate, because of the massive potential and ease of users to become invested in the platform they are using.We strongly believe the web3 platform that wins, will be a platform that would have won on web2, and will need to be able to garner massive attention, have a clean UX, and a top tier product. To many thought leaders, it is obvious the masses will be onboarded to web3 through a social platform.The platform that accomplished this, given the fact that crypto price is based on value of attention, could reach a multi-trillion dollar market cap.Already we see BitClout with just 300,000 users having a token valuation of 1.2 Billion dollars. To do this we are utilizing web3 technologies including tokenization of the platform, allowing minting of media posted as purchasable Non-Fungible Tokens, and allowing fans to invest in creators’ pages. On top of that we are focused on creating more monetization opportunities for the creators and focusing on the ability for creators to build a deeper relationship with their fans. Kids and Adults have become so addicted to it that it’s taken over a majority of the attention sphere and now puts its creator ByteDance at a worth of 470 Billion Dollars, but many users distrust it as it is a known centralized owned spyware platform with all data being fed to the government in China.Flic aims to fix these problems through transparency, progressive decentralization which increases user governance over the platform. By allowing user generated videos in the vertical format we use our phones in, and providing an infinite feed of videos it took the social world by storm. If you had someone in your life who refused to listen, you would stop hanging out with them too, or eventually realize they were toxic.Tiktok is the top performing social platform in 2021. We have relationships to the platforms we use the same way we do people as both provide us unique experiences that shape us.
Platforms should serve us, not control us. Instead the algorithm focuses on what enrages the user and keeps them most engaged on the platform, rather than what is most healthy and best for them to live a positive, happy, and healthy life. We have hopes for ourselves to make changes and there is a lack of consumers having control over the algorithms that feed us content. From a consumer side the algorithm that the user is fed content from is behind a walled garden, with the user being unable to make changes to it which develops a toxic relationship between the platform and the user. On top of that user data is collected, hidden from the user, and sold to further mine profits. Users and creators are disconnected from the ability to earn and have ownership from their input to the platform and instead are treated as another income stream. Today Social Media companies are seen as untouchable behemoths which use their monopolies to enrich investors more than the users and creators on the platform.
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