Pi Network, the prominent Web3 platform, has declared that it is introducing an exclusive forum. The company has disclosed that the respective project would be based on Web3 technology and will provide new features to consumers. The name of the latest project is “Fireside Forum.” The project is a social protocol powered by Web3 technology.
Pi Network Launches a New Web3-based Social Protocol
The platform took to Twitter to disclose the launch of the new project. It noted in a Twitter post that the project promotes constructive conversations, authenticity, as well as robust online social communications. The respective interactions are performed through the integration of tokenomics that are supportive in this respect.
The firm added that Pi Network is responsible for running this mechanism of tokenomics. It permits the pioneers to develop as well as curate content organically. In addition to this, they are also allowed to moderate behaviour. With this, the community gets the instruments required for the management of the online environment with comprehensive decentralization.
The Exclusive Projects Targets Providing a Solution to the Issues Witnessed in the Web2 Sector
The launch of the above-mentioned forum can potentially be a game-changer for the ecosystem of the platform. This could additionally be beneficial for the future of the entire Web3 sector. The purpose of the Fireside Forum is to deal with the issues related to online behaviour in the Web2 world. The prominent problems in this respect include fake accounts, spam, trolling, and misinformation.
The forum copes with these things with the utilization of Pi crypto. These tokens are used in its social mechanism core. This develops an exclusive internet experience. Contrary to conventional social media companies, Fireside Forum lets consumers generate Pi tokens by developing valuable content.
