Web 3 Social Media Needs Dedicated Blockchains

Web 3 Social Media Needs Dedicated Blockchains
Many believe that general-purpose blockchains like Ethereum, Cardano, Avalanche and Solana will come to power everything on the web, including financial apps, social apps and even Amazon-like marketplaces. But there’s a show-stopping problem that’s being widely overlooked: on-chain storage.While today’s general-purpose blockchains have worked well for storage-light applications like decentralized finance (DeFi), they cannot scale to handle storage-heavy applications like social apps and marketplaces. Imagine a world in which every “like” or follow on a decentralized app cost $1.00+ in storage fees.Unfortunately, that reality is now because of the storage limitations of all general-purpose blockchains on the market today. As…