- Pi Network is an active community with more than 30 million users.
- The developers have launched Fireside Forum, a social media platform.
Pi Network, a leading blockchain project, launched another service as it seeks to grow its ecosystem. In a statement, the developers said that they were launching Fireside Forum, a Web3-enabled social media platform.
Fireside Forum will be used by Pi Network members to communicate with millions of peers while rewarding positive interactions. These users will be rewarded using Pi Coin, the network’s cryptocurrency, which I wrote about here.
Fireside Forum is different from other social media networks like Facebook and Twitter in that it incorporates the blockchain technology. It uses Pi Coin to help moderate online behavior, resulting in a better and healthier user experience.
Further, the network is exploring the concept of creating posts at cost, where users are able to monetize their posts. In a statement, Nicolas Kokkalis, one of the two founders of the network said:
"Fireside Forum is a materialization of what Pi Network envisioned as the new Web3 social network and intends to solve issues of popular Web2 social networks by emphasizing authenticity, decentralization, and quality online experience.”
Fireside Chat is not the first social media platform to take advantage of the blockchain technology. For example, there are several social media platforms in Internet Computer like OpenChat, DSCVR, and Kontribute among others. Similarly, platforms like Minds, Peepeth, and Mirror are all using blockchain.
Traditional social media platforms are also embracing the blockchain technology. They include Twitter, Instagram, and Reddit.
Pi Network has been highly successful in its key products. For example, its Pi Network is now used by more than 30 million people. Its Pi Browser, where the Fireside Chat will be accessed in, has more than 10 million downloads in Android.
The biggest challenge for the Pi Network, as I wrote before, is that the coin cannot be exchanged for fiat currencies like US dollar. The developers have committed to list it in key exchanges once it moves out of the enclosed mainnet.
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