BitClout

Steemit has redefined social media by building a living, breathing, and growing social economy, a community where users are rewarded for sharing their voice. It's a new kind of attention economy. Steemit is one of the many websites (including DTube, and SteemPeak.com) that are powered by the Steem blockchain and STEEM cryptocurrency. All of these websites read and write content to the Steem blockchain, which stores the content in an immutable blockchain ledger, and rewards users for their contributions with digital tokens called STEEM. Every day, the Steem blockchain mints new STEEM tokens and adds them to a community's "rewards pool". These tokens are then awarded to users for their contributions, based on the votes that their content receives. Users who hold more tokens in their account as "Steem Power" will get to decide where a larger portion of the rewards pool is distributed.

Friend.tech is a decentralized social media platform built on Coinbase's Layer 2 blockchain, Base. The platform allows users to tokenize their identity by selling and buying "keys" (previously known as "shares") of themselves to their followers. In turn, these followers become shareholders. This grants them the benefit of directly communicating with the user and accessing a new personalized engagement feature in their preferred online platforms, like Twitter and Telegram. Friend.tech is still in beta, but it has already attracted a lot of attention from the crypto community. Some people believe that it has the potential to revolutionize the way we interact with social media. However, others are skeptical about its long-term viability.