The convergence of game theory and social media is a rapidly growing field in the cryptocurrency world. HundrX, a Web3 layer for Twitter founded by Ivars Indriks, incorporates game mechanics into social media to create a dynamic and rewarding user experience. By leveraging insights from the mobile gaming industry, HundrX prioritizes engaging and intuitive user experiences, as well as strong community connections and transparency about token policies. In the context of Web3 evolution, the concept of tokenization allows users to have a stake in the platform they’re contributing to, transforming social media from a service to a cooperative where users are rewarded for their contributions. While opportunities in this merged social media and gaming landscape abound, challenges exist surrounding fair economies, navigating the regulatory landscape, and maintaining privacy and security in a decentralized environment. HundrX’s upcoming initiatives, such as the Hashtag Fundraising feature and the use of social tokens to measure social capital, showcase the potential of combining game theory, Web3, and social media to create an engaging, rewarding, and user-centric online experience.
On game theory and Web3 in social media: Interview with HundrX
