FTX CEO Traces the Shoot for Potential Solutions to Fix Social Media

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Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, is expressing his vision for how social media platforms might improve access and functionality in the future.

According to the billionaire, one key detail in the social media sphere is the absence of data crossover between platforms, whereas the blockchain industry focuses on cross-chain solutions.

Bankman-Fried suggests using blockchain technology to distribute user posts across all platforms that are part of a single ecosystem as a feasible solution.