These are some criteria I use to evaluate and determine if I would recommend a blockchain social platform. There are probably other reasons to not recommend something, but the categories I cover serve as good criteria to refer to. Before I release my comprehensive review for my next video, I wanted to do this to dive into the reasoning behind the recommendations I will share. *00:00 Intro 01:40 Too Niche 03:10 Lack Media Functionality 03:57 Messenger-Based 05:27 Too Much Resistance 07:14 Not Working/Lacks Users 08:11 Invite-Only 08:54 Requires Download 09:31 Requires You To Spend Crypto 11:55 Non-English Speaking 12:11 Requires Verification 13:26 EOS/Tron Dapps Issues 17:02 Doesn’t Truly Utilize Blockchain 17:43 Not Free To Use 18:04 Blockchain With Social Dapps 22:14 Outro & Final Thoughts* ### Reasons To Not Recommend A Blockchain Social Platform: **1. Too Niche** • These platforms may be great, but they are so niche that I wouldn’t recommend them to a general audience, but if they fit your niche they may be interesting for you. **2. Lacking Media Functionality** • These platforms lack media functionality meaning they may not allow pictures or videos and thus lack good content. **3. Mainly Messenger-Based** • I don’t care much for messenger alternatives when most social platforms offer messengers within their dapps. This review is mainly for actual social media platform dapps. **4. Too Much Resistance Signing Up Or Using It** • They make it too challenging to get started or to use the platform to get adopted. **5. Not Working/Lacking Users/No Engagement** • This is self-explanatory. It’s either not working, has little to no community, and or no engagement or interaction from the community which may go hand in hand. **6. Invite Only** • If it’s invite only, it won’t get adopted until it’s opened up. **7. Requires Download** • Most people want a simple browser experience or a mobile application. Needing to download something on your PC is a huge resistance point and likely will limit adoption. **8. Requires Spending Crypto To Interact** • It’s unrealistic to expect the average person to come from legacy platforms who is willing to pay for everything they previously did for free even if they have the potential to make money when they can make money for free elsewhere. **9. Non-English** • May be a great platform for other languages but doesn’t properly support English users and given I’m English speaking only, I will only review English platforms. **10. Requires Verification/Verification Doesn’t Work** • Requires too much information like your driver’s license just to use the platform or they require a phone verification or something similar but it doesn’t work and thus preventing you from having full access to the platform. **11. EOS/TRON Dapps That Don’t Work** • The majority of TRON & EOS dapps do not work. Whether it’s due to EOS congestion or poor design, most Dapps for social media do not work well. EOS & TRON are best to stick with gambling which was their original use case. There are some that do work like EOS, but even then it must run on EOSIO and is still not very good. **12. Fake Or Valueless Blockchain** • The platform claims to use blockchain or have a cryptocurrency when it really doesn’t or it does, but it has no value or no way to retrieve the value from it. **13. Not Free To Use** • This is any platform that charges you money to use the platform on a subscription basis. What other criteria would you include? Do you agree with these categories? Let me know what you think about this in the comments below and don’t forget to subscribe! ***This is a LBRY first video meaning it shows up on LBRY before it gets published anywhere else.***

I’ve noticed a growing trend that more NFT marketplaces are centralized, require KYC, and in multiple cases don’t even allow withdrawals. Let’s talk about a few examples in this growing problem for the NFT space. Here’s some red flags to watch for: KYC required to trade NFTs, transactions aren’t on-chain, NFTs aren’t stored in your own wallet, withdrawal limitations and restrictions, and any other obstacles preventing you from trading or owning NFTs in a decentralized way. This is my 528th episode/article. I put a great deal of work into this content so if you find it valuable, please do like, share, comment and subscribe! VeVe NFTs – You cannot withdraw currently as a normal user and when withdrawals are fully enabled, you still have to do a full KYC verification to withdraw, buy, and sell. For some test users, they can withdraw in the beta phase, but this is highly limited. Moreover, because all of the NFTs are stored centrally on their application, just like exchanges, you do not have true ownership of your NFTs either. They will also have limitations on how much you can withdraw too making it even harder to get your funds out. It’s also important to note that there is a 10% fee to withdraw. https://help.veve.me/gems - You can learn more about this in their help center. Gems aren’t real crypto, they are just in app points from the app store. You can send them and anything you do with them is still regulated by Apple & Google through the app store. The help app says you can only withdraw a minimum of 50 gems or a maximum of 50,000 every 7 days. You do need to trade enough that you have at least $50 worth or if you make a massive sale, you have to stagger your withdrawals. But according to a post by them very recently https://medium.com/veve-collectibles/veve-payout-what-you-need-to-know-c00529b28891 - you need a minimum of 1,000 Gems to even qualify for a payout and 100 Gems is the minimum withdrawal. So, you need $1000 worth and you have to withdraw at at least $100 worth. They may take up to 5 days to payout and they have to approve the payout as well. Crypto.com NFTs: Crypto.com has the same issues with KYC on their marketplace eliminating the possibility of trading NFTs in a decentralized way. - https://crypto.com/nft/ Theta NFTs: Theta.TV still has all the same problems as before except now they allow you to withdraw your TFUEL to their NFT platform which you also need to KYC verify and cannot withdraw from. https://www.theta.tv/account/thetadrop-transfer - You can withdraw 400 TFUEL every 30 days which currently is worth about only $20. After pressing transfer you are prompted with a warning that says you cannot withdraw. https://www.thetadrop.com/ - This is their actual NFT platform, but you don’t want to use it since you cannot get your funds out. Have you invested in NFTs? Have you purchased NFTs from any of these platforms or been unable to withdraw your funds? Let me know what you think about this in the comments below and don’t forget to subscribe! *Disclaimer: This is not financial advice and is purely for entertainment purposes. What you see, hear, or read is my personal opinion, and any statements made are based on my views and should not be misconstrued as fact. My crypto portfolio may or may not be simulated* ? Support Me & Follow Me Elsewhere ? ? http://www.scottcbusiness.com Ask questions in my Telegram: https://t.me/cryptoandthings You can find all my cryptocurrency addresses on https://cointr.ee/scottcbusiness You can find all of my referral links here: https://linktr.ee/scottcbusiness