Social media giants, Facebook and Twitter, are now moving towards a decentralized model that is based on the blockchain technology. For many years, the platforms have been founded on a heavily centralized system where these social media companies keep, process, and mine data of their individual users for various reasons including sustained operations, digital community sharing, identity management and verification, and advertisements.
However, recently, Mark Zuckerberg published a Facebook Note
where he surprisingly disclosed the possible future for Facebook. According to him,