Snapchat's arch-enemy has arisen. The Lit app is a new platform where users can finally get paid for their content in a fashion called "Social Mining".
Now these payments can be increased by "Staking" your Mithril(The Currency used and rewarded by the app) for a long term investment. As we begin to look at a recent incline in the number of users the app continues to snowball in popularity.
Lets take a look at Snapchat, a 12.44B dollar market cap with a easily noticeable downward trend line(September 10, 2018). This continuous cliff Snapchat seems to be parachuting off, pushes investors to look for alternate options. I believe we will begin to see in the oncoming years of users converting to the decentralized community.
As we push the crypto market to new heights, the Dapps just simply keep getting better. The development of these new social media apps will soon be the new norm. We have some work to do however. If we start to look into decentralized file management and sourcing then a problem arises in the fact that it's almost impossible to remove NSFW content without the use of delegated officials. As we begin to move in this direction we need to be careful but attentive because the shift in the average social media apps will soon begin to push up Dapps such as Steemit or the Lit app.
