> For the complete documentation index, see [llms.txt](https://wonderlive.gitbook.io/welcome/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://wonderlive.gitbook.io/welcome/overview/executive-summary.md).

# Executive summary

![Text Box: LAST UPDATED: MARCH 6TH, 2022](file:////Users/yassineessabar/Library/Group%20Containers/UBF8T346G9.Office/TemporaryItems/msohtmlclip/clip_image001.jpg)In 2023, there are 4.9 billion active social media users\*, of which 4.15 billion people are accessing social media via mobile phones, and the number is growing exponentially at a rapid pace. Social media has changed the world and sparked the beginning of a new digital economy.

While social media apps have become a pillar of the internet experience, several pain points have consistently emerged: censorship, demonetization, shadow-banning, lack of privacy, diminished access, and growth in security issues brought about by centralized control.

A closer look reveals other critical shortcomings: an increased sense of social isolation, limited opportunities for self-expression, lack of genuine interactivity and limited opportunities for the development of a personal digital legacy.

Wonderlive tackles these issues head on by leveraging blockchain-technology to create the future of social media – Wonderlive is a decentralized application that fosters, connects, and rewards creators and their communities.

The Wonderlive Protocol envisions the interactions between Creators and their communities to be more meaningful and productive, unlocking a new paradigm in a decentralized economy, where the power belongs to the people.

 *\*Facts & Figures - Social Media Statistics for 2022 (Smperth, 2022)*