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ICX, a blockchain-based social network, is poised to address social networks fundamental problems through enhanced privacy and user ownership by integrating AI into smart contracts.

Data reveals that 62% of the global population has at least one social media account. However, social networks face challenges such as privacy concerns, misinformation distribution and algorithmic biases.

It is a known fact that centralized social networks make money by selling their users' data. On the other hand, the monopolization of the social media space by a few dominant companies such as Facebook, Twitter and YouTube is another hot topic.

The good news is that blockchain and artificial intelligence (AI) technologies can potentially relieve social networks pain points. Blockchains encryption capabilities can address privacy issues, and AI technologies can tackle the remaining challenges.

ICX, a decentralized social network, aims to facilitate online social interactions and the exchange of information among users via blockchain-based innovations. The platforms primary goal is to advance communication models featuring enhanced privacy, ownership and community-driven governance.

All user data on the network, including posts, images and videos, is stored on-chain. Therefore, users have full ownership and control over their data in accordance with the fundamental principles of privacy and user autonomy.

ICX is being developed on the Internet Computer (ICP) blockchain, a decentralized computing platform that allows software to run without traditional web servers. By leveraging the capabilities of the IC blockchain, ICX is set to embed AI within smart contracts self-executing agreement codes.

The Web3 social network is also planning to integrate large language models (LLMs) AI programs that can recognize and generate humanlike text to provide users with features like digital clones.

In addition to AI-driven innovations, ICX wants to differentiate itself from traditional social platforms by giving its community approval power. In the upcoming release, ICX will be governed by a decentralized autonomous organization (DAO) a structure run by member votes without central authority.

ICX developers suggest the DAO model will allow advanced crypto features to be used

With the DAO model, any significant updates or changes to ICX's decentralized application (DApp) will occur following a voting process. Users who want to participate in governance also called neurons need to lock their ICX tokens into the network to gain voting rights.

The democratic governance framework will also enable sophisticated features such as ragequitting. Ragequitting is a feature that enables DAO members to exit the DAO by burning tokens and withdrawing their share of the treasury.

As part of the development phases, ICX is preparing to release proof of concept, which is a preliminary demonstration used to confirm that certain theories have the potential to be developed.

In the first release, the platform will leverage AI to test new forms of social interaction. ICX's goal, which will evaluate initial reactions and feedback from users, is to determine the feasibility and effectiveness of AI in improving social networking experiences.

How integrating AI into social communication works. Source: ICX

Once the proof of concept receives positive feedback, the platform will move all its functionality on-chain and become fully decentralized, adhering to the principles of the Internet Computer blockchain protocol.

Aiming to transform the way people interact both online and offline, ICX argues that a better future can be built on the basis of AI-supported social networks. "We envision a future free from endless social feed scrolling, where humans connect more in the real world," ICX founder Marcio says, adding: "I believe robots and AI can guide us towards this paradise."

As traditional models come under increasing scrutiny for invading privacy and commoditizing data, the application of decentralized technologies presents a promising alternative. While the digital landscape evolves, the fusion of blockchain and AI may well redefine the foundational structures of social networking, steering it toward a more secure and user-centric future.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain in this sponsored article, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

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How AI-powered smart contracts shape the future of social networks - Cointelegraph

Unlike traditional messaging and location sharing apps, Wayve places paramount importance on safeguarding its users' personal information, offering a safe and trustworthy environment for individuals to connect and share their whereabouts with peace of mind. "As the world becomes increasingly interconnected, Wayve emerges as a beacon of trust and reliability in the realm of social media, fostering genuine connections while upholding the highest standards of privacy and security," says CEO and Co-founder, Brett Serper. "At Wayve, we are committed to empowering users to engage authentically while safeguarding their privacy. Our platform is designed not just to connect people, but to protect their digital footprint every step of the way."

Wayve is a breath of fresh aira sanctuary where users can share moments, ideas, and experiences without fear of exploitation. By championing transparency, consent, and user control, Wayve is leading the charge towards a more ethical and responsible social media landscape.

The future of social networking is here; it's secure, it's privateit's Wayve. Join us on this transformative journey as we redefine the way we connect online. Discover a new era of digital interaction where privacy is paramount. Experience the future of secure networking with Wayve, available today to download on the iOS App Store.

For more information about Wayve and its revolutionary communication privacy and security technology, please visit http://www.wayveofficial.com.

For media inquiries or further information, please contact: [emailprotected]

About Wayve: Wayve is a trailblazing location sharing social media company dedicated to revolutionizing the way individuals connect. Emphasizing privacy and security, Wayve provides a safe space for users to share their locations and communicate with confidence and peace of mind.

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Introducing Wayve: The Revolutionary Social Media Platform Redefining Privacy and Security - PR Newswire

Entrepreneur and former Los Angeles Dodgers owner Frank McCourt said on Wednesday his organization, Project Liberty, is forming a consortium to buy social media platform TikTok in the United States.

A law signed by President Joe Biden on April 24 gives the social media platforms owner, ByteDance, until Jan. 19 next year to sell TikTok or face a ban.

The bill was passed by U.S. lawmakers on account of worries that China could access Americans data or surveil them through the app.

The White House had said it wants to see Chinese-based ownership ended on national security grounds but not a ban on TikTok.

Project Liberty, working with Guggenheim Securities, law firm Kirkland & Ellis, technologies, academics and others, proposed to migrate the platform to a digital open-source protocol.

Inventor of the World Wide Web, Sir Tim Berners-Lee, and David Clark, senior research scientist at the MIT Computer Science and Artificial Intelligence Laboratory, are among the supporters of the bid, the organization said.

Project Liberty had launched the open-source Decentralized Social Networking Protocol in 2021, establishing a shared social graph that is not dependent on a specific application or a centralized platform.

The organization encompasses work of the Project Liberty Institute, with an international partner network that includes academic institutions and a for-profit arm that includes a technology team developing digital infrastructure.

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Billionaire Frank McCourt's Project Liberty forms consortium to bid for TikTok's U.S. operations - The Globe and Mail

Raising Voices, Spanish teen drama series centered on an unsettling mystery, from May 31, 2024 on Netflix.

Raising Voices, a captivating eight-part Spanish series, delves into the complex and often tumultuous world of modernadolescence. Created by Miguel Sez Carral, the series follows the lives of Alma and her close friends, Greta and Nata, through the challenges of high school life, strained family relationships and personal dilemmas. But an unexpected event on social networks turns their already fragile daily lives upside down.

As Alma, on the cusp of graduating from high school, navigates the joys and sorrows shared with Greta and Nata, everything changes with a shocking social media post by @Iam_colemanmiller. The photo, accompanied by the caption "This was me before I was raped", launched a veritable hurricane of questions and suspicions. Who is behind this profile? Is the accusation true? If so, who is the victim? The series unfolds a fascinating and painful tale of the impact of social networks, hidden violence and the quest for truth in a society often too quick to judge.

Raising Voices is aimed primarily at teenagers and young adults, but its reach could extend to anyone interested in contemporary social dynamics and the effects of social networks on our perception of truth. The series stands out for its sensitive, uncompromising approach to difficult subjects such as sexual violence and its psychological repercussions, while offering a refreshing perspective on friendship and resilience.

With its blend of drama, suspense and deep emotion, Raising Voices is set to make its mark when it hits Netflix on May 31, 2024. The series invites viewers to reflect on important issues. The series promises an authentic exploration of teenage life in the modern digital world.

Netflix: the new films and series for May 2024 Netflix subscribers, find out what's new in May 2024: films, series, documentaries and more. [Read more]

New films and series to watch in May 2024 on streaming platforms Don't know what to watch? To find your way around the endless catalogs of streaming platforms, rely on our guide! Netflix, Disney+, Amazon Prime Video, Paramount+, Apple TV+... Here's a quick roundup of the films and series you need to see right now. [Read more]

Streaming: what are we watching this Wednesday May 15th, 2024 on Netflix, Amazon and Disney+ platforms? Feeling like curling up in front of the TV today? We've got the week's releases on your favorite streaming platforms, Netflix, Amazon Prime Video and Disney+! [Read more]

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Raising Voices, revelations and social networking in a teen drama on Netflix - Sortiraparis

This week, I have been thinking a lot about Ivan Illych, the central character in Leo Tolstoys novella,The Death of Ivan Illych.

This was partly because we spent two days at the work fellowship learning about relationships, and partly because, yet another friend quit social media after she went through a particularly bad experience that made her realise she didnt have real friends on social media.

Well, let me tell you about Ivan Illych, before I continue with my reflections on relationships.

Tolstoy writes about a man whose life crashes just when he thinks it has started. Going by the standards of the 19th century when the book was first published, Ivan, a high ranking official in the Judiciary (maybe in Kenyas standards hed be the Director of Public Prosecutions) lives perfectly for The Gram.

He hangs out with the right squad, at the right locations Let's just say everything about his life isinstagrammable. When we are introduced to Ivan, his death has just been announced.

Those he devoted his life to, aka fake friends, are discussing the promotions his death will occasion for them. Let that sink in.

Ivan Ilych valued the wrong things throughout his life. His problem is tied to his desire to look cool and fit in, basically doing things for The Gram.

For example, he married a wife he did not love and who clearly didnt love him back because she belonged to the right family and fits well with Ivans aspirations of class.

This applies to his friendships as well. Instead of investing in genuine relationships, in friendships that truly matter, and caring for his family, he spent his life mingling with people of high society who did not care about him, but who only entertained him because his position suited their social strata.

The book is poignant and invites me to truly interrogate if I spend my time with people who truly matter.

Humans are innately social beings, which means we were created to connect with others, in one shape or form. As we get older, we discover the kind of people we want to keep as friends, depending on values, interests and other such factors.

But there is also something bigger we discover: Not every relationship carries the same weight. Some people you encounter in life come to help us fulfil crucial life assignments while other connections are merely seasonal.

That is why we need wisdom to distinguish between general friendships and relationships that could be tied to our destinies. The speaker at the fellowship (the Head of Marketing) called such relationships destiny relationships.

They include relationships with our parents, siblings, mentors, children or spouses, and so on.

That session also made me think about the dangers of failing to pay attention to critical relationships in our lives not calling that aunt who is always there for us, forgetting to text that friend who never misses our big milestones or not checking up on our siblings.

Our generation is especially at risk of glossing over important relationships because of how increasingly possible it is to replace real life interactions with likes and double taps.

I have a challenge for you: Do you know your tier 1 and tier 2 relationships? Using a house analogy: Who are the friends you only allow into your living room? And who are the friends you can allow not just into your living room but bedroom and kitchen as well?

Nurturing solid relationships needs genuine interest and honest effort. This doesnt mean falling over yourself to duplicate everything your friend does for you. It means being present in your own way for your friends and family.

Do not be that person who has time to reply to 500 comments on TikTok but you do not have even five minutes to return your friends missed call.

If you had an emergency, who is likely to come to your aid? A random person who commented twice on your reel, or your sister who is always cheering you on? I am not saying close down your social media accounts.

However, do not lose yourself or the people who truly care about you while chasing after a crowd that will so willingly drop you for the next shiny thing that shows up.

In the same way you expect your friends and family to be loyal to you and to always have your back, use the same standard in the way that you interact and treat people.

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Of social media 'likes', fake friends and the true reflections on life - Nation