As of 2024, the web3 social media sector is emerging as a significant force within the broader social media market, which itself is a massive $100 billion industry. Web3 social media, characterized by decentralization and blockchain technology, is increasingly being seen as a solution to challenges faced in the creator economy. This includes concerns about data ownership and the need for sustainable financial models for creators.

In the constantly evolving landscape of web3 social networking, the ascent of prominent personalities inside communities frequently results from a confluence of commitment, continuous dispensing of valuable content, and a nurturing environment. Bi.social as the fastest growing and investment-oriented web3 social platform is evidence of this mindset and environment. Bi.social has created a platform which has successfully demonstrated that individuals committed and dedicated to communicating ideas, stimulating dialogue, and disseminating insights may achieve significant social impact and influence by constant recognition and active rewards.

In the last two years, Bi.social has been pioneering a paradigm shift in web3 social networking by emphasizing decentralization, privacy, and user empowerment. This platform seeks to build a complete 'Web3 Social Networking System' by leveraging blockchain technology to enable users to fully own and control their data, ensuring privacy and eliminating the risks associated with centralized platforms that exploit user data for commercial purposes. It represents a fundamental change in how we connect, share, and interact online, taking 'Web3 Social' to new heights. This was birthed as a result of Bi.social philosophy to solve the average web3 crypto enthusiasts' pain points using the web3 community approach.

In the past two years, with the collective efforts of our core developers, Bi.social has completed the foundational infrastructure development of the Web3 native SNS (Social Networking Service). We have also progressively launched a series of Web3 social components, such as Bi·Space, Bi·Search, Bi DID, Bi·Feed, and Bi·Avatar, steadily progressing towards the established goal of building a complete Web3 native SNS.

Dear Bi DID holders, it’s now time to fully understand the Web3 social platform behind Bi DID!

Building an open, fully controlled personal data social platform is one of Web3's most important missions after Defi (open, fully controlled assets).

The internet has dramatically improved the way we interact and socialize as humans across the universe. In the last two decades, we have witnessed an unprecedented rise in digital socialization and online interaction worldwide. A report by Statista shows that over 4.7 billion people use social media around the world, with a penetration rate of 58.4% and over a 200million new users in the last 12 months.

In The Wealth of Nations, Adam Smith elaborated on the phenomenon of human beings creating division of labor through exchange and increasing the value of labor per unit of time increase significantly, concluding that free market is the core element of economic development.