TechFlow News — At the Breakpoint conference in Lisbon, FTX CEO Sam Bankman-Fried (SBF) said that applying blockchain technology to social media could be a massive opportunity. He stated, "I still think the opportunity for blockchain-based social media is absolutely huge. I believe it addresses many existing pain points that are now coming to the forefront of society." SBF added that there's currently a need for a secure and private way to exchange messages—one accessible across multiple user interfaces. The protocol built on this functionality needs to be composable and cross-platform. SBF mentioned that Solana is capable of handling such tasks, as it can process a large volume of transactions (currently around 2,300 transactions per second).
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