The head of FTX announced plans to use blockchain to improve social networks – Bits Media

One of the largest crypto -streak of the world FTX plans to use blockchain, to fix “broken social networks” and improve the interaction between different platforms.

The head of the cryptocurrency exchange FTX Sam Bankman-Fried (Sam Bankman-Fried) talked about plans in an interview Bloomberg. According to him, In social networks such as Facebook there is no normal opportunity to see a link to tweet, And whatsApp in principle cannot recognize links to tweets.

Bankman-Fried said, that cryptocurrency and blockchain projects have no such problems, They easily work with each other even if the ecosystems are not directly connected. The entrepreneur believes, that with the help of blockchain you can reproduce the same interaction in Web2 projects. The head of FTX criticized the moderation policy in popular social networks, stated, that "three guys, Guiding digging, They decide, What is subjected to censorship, And what is not ".

According to him, FTX has a working model, which allows various platforms to access the same data pool, To make independent censorship decisions, And these solutions are the same for all. Such a model would help new platforms catch up with existing, Instead of building your own policy from scratch.

Bankman-Fried suggests setting a single standard for Web2 projects using blockchain, which would significantly accelerate the interaction of sites and social networks with each other, helped focus on more important aspects for the development of.

Recall, On Monday, the head of the American branch of FTX Brett Harrison (Brett Harrison) stated, that the cryptocurrency market will not reach the level of the stock market without launching spot derivatives.