From someone who is trying to implement their own idea of what an Ethereum app should do. The idea is as old as the blockchain. Remove the middleman. Web3 offers a lot of magic to do it but it's hard to compete with web 2 because you have to drag the complexity of the blockchain with you and abstract the complexity for the user.Idea is not hard, implementation is hard
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(Targeted) advertising as the main source of income for a social network will be a thing of the past in just a few years when the networks are flooded with AI chat bots. A bot doesn't buy sneakers
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What if we don't need a cryptonative social network but instead build the blockchain and smart contracts in such a way that they bring social functions with them?
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