SocialFi
SocialFi combines social media and decentralized finance (DeFi) within the blockchain and cryptocurrency ecosystem. It focuses on empowering users with control over their personal data and intellectual property. By offering rewards like tokens, SocialFi apps promote active engagement among users and between users and the platform itself, fostering an interactive community.
This article highlights the rise of Base, attributing its success to the unique advantages of being backed by Coinbase and the OP Stack, as well as its strong market performance in the "Meme" and "SocialFi" sectors. Additionally, prominent projects on Base such as Aerodrome and Extra Finance, along with active social engagements like the success of Farcaster, have significantly driven the development of its ecosystem.
8/12/2024, 2:35:50 PM
The success of social networks relies on three core pillars: the potential to accumulate social capital, standards for measuring entertainment, and practicality. Although Friendtech and FantasyTop experienced an initial surge in users, they quickly lost them due to a lack of real value. The core issue with SocialFi applications lies in their heavy reliance on financial incentives, which creates a vicious cycle. For SocialFi applications to achieve long-term sustainability, they need to develop enough value to maintain user engagement. Their products must shift from purely financialized products to those that can capture attention in the attention economy.
8/11/2024, 3:32:09 PM
This article compares the influence of Crypto Twitter (CT) in cryptocurrency investing and emphasizes that most information on CT is noise, making it difficult to find genuine investment opportunities (Alpha).
8/11/2024, 1:03:38 PM
Banana Gun is a Telegram bot renowned for its sniping and purchasing capabilities for newly or previously listed tokens. It is the go-to sniping tool for users on Ethereum.
8/9/2024, 4:19:28 AM
In the blockchain ecosystem, Maximal Extractable Value (MEV) has become a crucial area of research, encompassing not only technical implementation but also market behavior and economic benefits. With Ethereum's transition to proof-of-stake, the concept of MEV has undergone significant evolution. Validators have emerged as key players, not only able to control transaction ordering but also to optimize profits through various strategies.
8/6/2024, 1:43:36 AM
Farcaster is a decentralized social media protocol based on blockchain technology, focusing on interoperability, user autonomy, and privacy protection. Farcaster aims to create a censorship-free environment where users have complete control over their data and audience.
7/30/2024, 10:02:24 AM
This article introduces the technical principles and application scenarios of Solana Blinks and explores its potential and challenges for mass adoption in Web3. It provides a detailed analysis of Blinks' implementation and future development from various aspects such as operation methods, security, and cross-platform applications.
7/26/2024, 10:59:47 AM
"Blinks" is a feature that converts "Actions" on Solana into shareable links, allowing users to easily execute cryptocurrency transactions through various digital paths such as websites, social media platforms, and QR codes. With the newly introduced Blinks and Actions, Solana chain users can now transfer funds on Telegram, buy and sell NFTs on X, and stake in Discord without needing a DApp. Blink has become a powerful tool for Solana, bridging web2 and web3.
7/22/2024, 3:10:54 AM
This article analyzes the current state of the cryptocurrency market, especially focusing on why the TON blockchain and its native token, Toncoin ($TON), are performing exceptionally well in an uncertain market environment. TON is a decentralized, Proof-of-Stake (PoS) blockchain platform known for its fast transactions, low costs, user-friendly applications, and environmental sustainability. Its multi-layer chain architecture offers high scalability and low transaction fees, making it suitable for complex applications.
7/18/2024, 8:20:08 AM
Sanctum Infinity maximizes the value of Liquid Staking Tokens on the Solana network. Users can earn rewards, access liquidity, and swap seamlessly between Liquid Staking Tokens (LSTs), powered by audited and intelligent smart contracts.
7/16/2024, 6:23:58 AM
Solana and Dialect have jointly introduced the new Solana concept "Actions and Blinks," which enables one-click swap, voting, donations, minting, and other functions via a browser extension. This allows various operations and transactions to be executed efficiently, ensuring network consensus and consistency through time synchronization and sequential recording. The strategy is compared to Ethereum's Farcaster protocol and Solana's approach.
7/15/2024, 5:32:19 AM
This article further explores the legal risks of KOL round financing, including false advertising, suspected pyramid schemes, and accomplice risks, and provides suggestions to avoid these risks to maintain the healthy development of the crypto market.
7/13/2024, 4:01:59 PM
SuperRare is a peer-to-peer NFT marketplace based on ERC-721 NFTs. What makes up SuperRare? What are SuperRare Spaces? What is the $RARE token, and how is it used? What is the governance model of the SuperRare DAO?
7/12/2024, 9:17:40 AM
This article delves into the relationship between the merchant class and cultural taste leaders, uncovering the difficulties in converting money into status. Despite the theoretical possibilities of transforming financial capital into social capital, the practical implementation is fraught with challenges.
7/10/2024, 8:23:53 AM
Online platforms in web3 can allow us to design, test, and redesign political systems for online communities, organizations that will be an increasingly important part of the world in the future.
7/10/2024, 8:21:08 AM