SocialFi's struggle to succeed stems from technical hurdles, user experience barriers, and fragmentation. It needs purpose-built infrastructure, seamless user experiences, and innovative social networking models. Opinion by: Anurag Arjun, co-founder of Avail On paper, SocialFi is a no-brainer. It promises to shift the balance of power in social media — giving people control over how their content and personal data are used and monetized. It even offers users a stake in the $200+ billion social media advertising market, a pie currently devoured almost entirely by giants like Meta. And yet, SocialFi platforms today feel more like digital ghost towns than the bustling hubs of Web2. Friend.tech, hailed as a breakout star in 2023, peaked at just 80,000 daily active users before falling below 10,000. What's holding SocialFi back? Why does it seem to be following Friend.tech's fade into obscurity rather than rising to rival Facebook's dominance? Read more
With two judges dissenting, the Supreme Court’s Constitutional Bench (CB) on Wednesday gave its go-ahead for civilians involved in the May 9, 2023 riots to be tried in military courts. The case pertains to the military trials and the subsequent sentencing of civilians for their role in attacks on army installations during the riots that followed ex-premier Imran Khan’s arrest on May 9, 2023. The 5-2 ruling came as the CB accepted a set of 38 intra-court appeals (ICAs) moved by the federal and provincial governments as well as Shuhada Forum Balochistan, among others, against the widely-praised October 2023 ruling that declared that trying the accused civilians in military courts violated the Constitution. Highlights: SC restores three provisions of Army Act struck down earlier Bench orders legislation within 45 days to ensure civilians’ right to appeal Minority ruling declares military court sentences as ‘without jurisdiction’, against Constitution Lawyers, PTI slam ruling, voice concern over fair trial The b...