Social Media: A Classic Legal Scam; Wen Web 3.0? 

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In the Nigerian social media space, the most popular trend is that of a billionaire who spent quite a fortune to bury his mother. The event was publicized in national newspapers and even bloggers had to create contents for YouTube and other places concerning this event and of course it sold like wildfire.

They were raking in millions of views and bagging endorsement, while the government is considering arrest this billionaire for flouting central bank policies and spraying millions in the said event. But then after this whole fiasco, I've discovered something people are attracted to reward but abhors hard work, they don't want to become wealthy slowly, and social media has of course hastened these tendencies.

In the Nigerian social media space, we have people who are being utilized to make money and the people who make the money themselves. You see the former is an important aspect because these are the huge numbers that brings traction while the latter are the ones that take home the millions, they're considered the important faces.

The ones that bring legibility and are paid for even bringing that legibility, but what about those who are used to bring this legibility? With the way the internet is becoming monetized I have been thinking many social media would already pay people for using them, but then what's the main reasons why most big social medias aren't monetized already?

I wouldn't really say... Sometimes I believe the way Google monetizes the data of people they'll be paying them, for example conducting surveys and asking people to participate in them for some amount of money. Probably this is because these big techs feel they've paid their dues by bringing constant innovation.

Nevertheless, I still believe that data is huge and companies like Amazon have amassed a lot of wealth studying the spending habits of people and their search results on Google and the products they're likely spending on. For the regular user, this means comfort, imagine searching for a product on Google and gave it appear as an ad on Facebook.


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It makes even Painstakingly true that the world is divided into people who are making money and the people who are used to make this money. This reminds me of BIG BROTHER NAIJA, a reality TV shows that airs yearly, it not only takes people time, it takes their internet data, purchased with money or cable television subscription, then it takes money from their pocket for a sort of voting scheme.

It garners a lot of viewership especially through Facebook, rakes in all the billions and don't even consider giving people who are helped them take in these billions. There are people who have become so versatile with using social media and I wonder how they're living in the 21st century knowing their data, time and money is being taken all in the name of being entertained.

But then, the addiction to social media should or suppose to at one point in time begin to yield dividends. I had a friend who wrote articles on nairalands an information forum on the internet about his favorite mobile brand for two years and in the third year he was employed by this brand as a brand content creator, his passion was rewarded, and I believe that the addiction to using social media suppose to be rewarded, spread the money around rather than holding it.

These are ways to actually spread wealth. However, a lot more people are beginning to realize that the internet is bigger than just the social medias. In Nigeria, companies are becoming wealthy off poor people's patronage and giving it to the rich to become the face of their product. This is classic legal robbery. It's happening both offline and online, but while I'm more concerned is that the internet will change the world with web 3.0, and I'm wondering where social media would stand in this revolution.




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My name is @Josediccus, a young Nigerian entrepreneur who is a Vlogger, A Psychologist, Poet, Sports Writer/Analyst & Personal Finance Coach. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off hive can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers


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12 comments
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Social media is a choice, most people choose it for the entertainment value and get their reward.
The big techs make their money through these little fishes (minnows) which play in their pond.
They use the minnows to catch the whales and then make a meal of them for the the whales.
The game of hook and bait is the game of the social media.
Amazon on the other hand get you to buy their products, study your buying patterns and offer you more baits.. then they have the gal to ask to to do free reviews for the products as well.
That is social media for you!

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Like you said, its the game of hook and bait, I guess. Its funny, truth is I don't do free reviews anymore, its funny how you spend your money and still get to do free reviews for them mean meanwhile, there are websites that pays you to even do free reviews so why can't a wealthy Company like Amazon do paid reviews?

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Absolutely, they take us for fools

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People tend to prefer exciting things such as people making a ton of money and etc. Social media feeds off of this to get people to come back to their sites. In this type of way, they collect a ton of data off people without paying for it. I am hoping Web 3.0 changes this as companies should be paying us for the data. After all, the benefits of the data to find the best ways to sell their product is worth quite a bit.

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It's not just worth a bit, it's worth s lot of money and they're not willing to share, I guess because the internet is not decentralized it's easier to cheat people off their data for quite a lot, this needs to change and real fast, I guess people's mentality towards social media as well.

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Nigerians and senseless display of wealth aren't new. There's a lot of poverty in the land, such display of wealth is attractive, I can't lie. It's intruiging, I wouldn't do that if I had such an amount of money, so I guess it's also a personality thing. While we have motivational speakers eating up the information, it just boils down to personality.

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I think display of wealth is attractive, I means.... it somehow resonates woth so many. A lot of us love it when we see these things, it erroneously motivates us in a manner that shouldn't be accepted.
But then, it boils down to personality like you've said. Our society is tainted.

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Yes, it is.

Also, can you explain web 3.0 to me in the simplest English you can possibly muster? I feel like the world is moving without me.

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Hahaha, lol, the world seems to be moving without me too,

Web 3.0 is like decentralizing the internet, autonomously where there can be individual ownership of data.

I think that's the simplest format, it's like each and everyone being part of a hive that forms the existence of the internet, but I gather this will be robotics with powerful technology.

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