Founded in 2010 by two software engineers, Instagram is a photo and video sharing with a lot of promise. The social network, with a billion monthly users, continues to lead the market. Similar Web gives it a ranking of 11 for popular mobile apps.
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Instagram appears to have no shortage of innovation and dynamism as recent events show. Recently, TikTok got a bad rep for the age range of many of its readers. As the privacy and ethics of TikTok were put under question, more people opted to use Instagram Reel.
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Some suggest that it is not a requirement to have hundreds of thousands of followers in order to get very high views on TikTok. Despite the popular belief that going viral on TikTok is much easier than going viral on Instagram, more people are choosing to use Instagram to gain followers.
With the guidance of Facebook, Instagram has become a greater citadel of opportunities for people around the world to form valuable connections. Since starting a decade ago, Instagram has grown from strength to strength. The integration of blockchain to its operations may serve to further promote the continued success of the social network.
The Instagram Market and Blockchain
Instagram is an ecosystem that could benefit greatly from the use of blockchain. An ecosystem which contributes to the betterment of its users through a tokenized community could benefit significantly from the following:
📱 Better copyright management
📱 Improved privacy policies for users
📱 Greater transparency for users
Across the world, digital nomads roam, some physically and some through their phones. With a tokenized economy on the blockchain, Instagram could redefine its user experience for the better, further accelerating the rapid growth of its user base.
Photo by Solen Feyissa on Unsplash
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