What Will Social Media Look Like on Web 3.0? A Look into Mushe (XMU) and Decentraland (MANA)

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Web 3.0 is the next evolution of the Internet, predicted to be characterised by cryptocurrency, decentralised platforms, and a return to an Internet controlled by and for its users.

With this radical shift in structure, many are questioning what will become of social media platforms like Facebook and Twitter in this new era. How can centralised conglomerate companies exist on a decentralised Internet?

While it is difficult to predict what the future may hold, two crypto projects exist which might be an indication of what the Web 3.0 Internet may hold. These are Decentraland (MANA) and Mushe (XMU).

While several metaverse projects exist, both in production and to the public, it is Decentraland (MANA) that many will point to as a pioneer of the concept, or at least the most popular.

Metaverses are online spaces where content is created for and by the community within it, and where cryptocurrency can be used as payment in purchasing, selling, or trading in-game assets and items.

In Decentraland (MANA), for example, users can create spaces like houses and parks that others can use on land that they purchase in-game. This land is a finite resource, meaning it holds great value and can be used in a variety of ways2, such as a space to display digital items.

Users can also create items, like clothing and accessories, which can also be purchased, with items varying in price due to their rarity or additional perks received by buyers.

Decentraland (MANA) offers an immersive experience beyond what is offered by current social media platforms, providing an experience that incorporates gaming whilst also offering a financial outlet, all