Interesting pivot happening in the Web3 social space. A well-known decentralized social protocol is reportedly redirecting its energy toward wallet infrastructure instead of doubling down on its social app. The reasoning? They see bigger growth opportunities in the wallet vertical.
This shift raises questions about the sustainability of decentralized social platforms and whether infrastructure plays might offer clearer paths to adoption. Wallet services sit at the entry point of crypto experiences, potentially capturing more users than niche social networks. Could be a pragmatic move—or a signal that social dapps still face serious traction challenges. Worth watching how this plays out.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
20 Likes
Reward
20
8
Repost
Share
Comment
0/400
JustAnotherWallet
· 14h ago
To be honest, the social sector really can't keep up with the competition anymore.
View OriginalReply0
not_your_keys
· 12-08 10:59
The wallet sector definitely has more potential for profit, while social networking is always a pseudo-need.
View OriginalReply0
On-ChainDiver
· 12-08 10:00
The social track is too competitive, it's still more comfortable to work on wallets...
View OriginalReply0
SignatureAnxiety
· 12-08 09:56
Another story of a social dream shattered... In the end, reality shows that wallets are the real trump card.
View OriginalReply0
CoconutWaterBoy
· 12-08 09:55
To be honest, social DApps have just been burning money and are unsustainable these past few years. It would be more practical to make wallets instead.
View OriginalReply0
LiquidityNinja
· 12-08 09:49
Simply put, the social track is too competitive; focusing on wallets is more straightforward... Entry-level applications will always be more lucrative than niche social platforms.
View OriginalReply0
ForkItAll
· 12-08 09:41
To put it simply, social DApps are basically a false demand... It's more practical to focus on wallet infrastructure. What users really need is a user-friendly entry point, not yet another Twitter alternative.
View OriginalReply0
NFTArchaeologis
· 12-08 09:36
Wallet infrastructure is indeed the entry point, but this kind of pivot is somewhat like medieval manuscript scribes switching to being paper merchants—it shows business acumen, but also loses that dedication to creativity itself. The path of social networking may be harder, but it is also more worthwhile.
Interesting pivot happening in the Web3 social space. A well-known decentralized social protocol is reportedly redirecting its energy toward wallet infrastructure instead of doubling down on its social app. The reasoning? They see bigger growth opportunities in the wallet vertical.
This shift raises questions about the sustainability of decentralized social platforms and whether infrastructure plays might offer clearer paths to adoption. Wallet services sit at the entry point of crypto experiences, potentially capturing more users than niche social networks. Could be a pragmatic move—or a signal that social dapps still face serious traction challenges. Worth watching how this plays out.