Social Crypto is On The Rise as Decentralized Platforms Offer Free Speech, Privacy & Transparency

PALM BEACH, Fla., April 26, 2022 /PRNewswire/ -- Social media has become a massive part of online life and the economy. Facebook, Twitter, and Google generate trillions of dollars worth of revenue. Since the earliest days of human civilization, people have been organizing their thoughts and ideas in social groups. We instinctively want to share our experiences with others and gather information, opinions, and entertainment from them. Ever since the internet appeared in our lives 30 years ago, social media has played an increasingly important role in connecting people to each other while also offering new ways to share information in a fast and efficient manner.  Big companies are increasingly controlling and censoring what you can see on their platforms, however, creating a new breed of social media-crypto platforms. They are NOT like the 'Big Tech" platforms. For example, Google forces YouTube watchers to avoid ads using its paid 'premium' platform. Facebook is censoring users under the guise of "protecting their community," and Twitter has a locked-down verified accounts system. People have grown tired of being fed controlled information and are exploring viable alternatives that provide control over their data. A blog by Rapid Innovation said that: "We're seeing more and more people waking up to the dangers of centralized social media platforms. It's not only privacy concerns but also how their moderation practices are in no way transparent and their tendency to silence people with a differing opinion, so, Welcome to the world of crypto social media platforms."  Active companies with recent developments in the industry include:  Hello Pal International Inc. (OTCQB:HLLPF) (CSE:HP), Canaan Inc. (NASDAQ:CAN), Bit Digital, Inc. (NASDAQ:BTBT), Coinbase Global Inc. (NASDAQ:COIN), Riot Blockchain, Inc. (NASDAQ:RIOT).