Cyber's surge boosts the popularity of the social sector, and Farcaster, a social protocol with a financing of US$30 million, is about to be officially launched
Article source: DeBox Research Institute Author: Cryptoming
The token $cyber of the social protocol cyberconnect has been skyrocketing recently after a market washout, from a low of 3.5U to a high of about 16U. In the current environment where BTC is weak, it is really eye-catching that cyber can still perform like this. Drive the popularity of some social sections. Since the risks in the secondary market are too high, this article will introduce new opportunities in the upcoming social protocol Farcaster. Farcaster has received a US$30 million seed round of financing led by A16z. It is currently in the internal testing stage and has not yet issued a currency.
The token $cyber of the social protocol cyberconnect has been skyrocketing recently after a market washout, from a low of 3.5U to a high of about 16U. In the current environment where BTC is weak, it is really eye-catching that cyber can still perform like this. Drive the popularity of some social sections.
Due to the high risk in the secondary market, I wrote an article to introduce the upcoming social protocol Farcaster. Farcaster has received US$30 million in seed round financing led by A16z. It is currently in the internal testing stage and has not yet issued coins. Register now. Have the opportunity to win airdrops and early contributors!
Brothers and sisters who want to read the article, click on my avatar and the first article at the top is Farcaster’s article!
brc20 is the real Bitcoin, because brc20 is essentially composed of the smallest unit of BTC, "Satoshi". In addition, the U.S. Securities Commission sec stated in February this year that other cryptocurrencies except BTC are securities and will be regulated, indicating that sec Acknowledging the special nature of BTC, can the brc20 token built on the BTC chain also completely avoid supervision? Everyone is welcome to leave a message for discussion!
Web3 social application layer ecological overview map
I sorted out some mental maps of the SocialFi track this afternoon. I wonder if this framework logic is appropriate? A little superficial understanding, you are welcome to like and forward 👍👍👍. If you have any questions, please let me know!
In addition, you can follow me, and I will bring you a complete version of the social track brain map later, including social infrastructure and some protocols.
1. The current market is sluggish, and crypto is experiencing a trust crisis again. As an industry leader, Binance needs an application that can bring traffic to crypto and bring some new liquidity to the market. Obviously, the way to bring new traffic must be social applications. Defi and Gamefi are still niche, and social applications must be the trend.
2. Hook’s knowledge quiz and online mining gameplay are very simple and easy to spread. It has the characteristics of a phenomenal application that connects web2 and web3.
Personal thoughts: As the web3 market and users grow, the demand for social applications is very high. Binance will definitely continue to invest in the socialfi track. Let’s ambush products such as DeBox, Lens, State, and Revo!
PartyBid crowdfunding is at risk of "sybil attacks". How should NFT fragmentation protocols respond?
Original link: PartyBid crowdfunding has the risk of "Witch Attack", how should NFT fragmentation protocols deal with it? — DeBox Institute (mirror.xyz)
[DeBox Research Institute] | Author: Crypto Ming; Huige; Ivan | Date of writing: September 5
Summary:
The underlying protocol for using PartyBid crowdfunding to purchase NFT is NFT fragmentation, which means dividing a complete NFT into any number of equal parts. Holding these equal parts is equivalent to holding part of the NFT. The current leader in the NFT fragmentation market is Tessera (formerly known as Fractional). PartyBid and Tessera have also received large amounts of financing led by A16z and Paradigm respectively.
PartyDAO has received US$20 million in financing led by A16z (the currency has not yet been issued). Its application PartyBid allows users to use crowdfunding to purchase blue-chip NFTs, such as BAYC, Punk, etc.
The crowdfunding process is executed through on-chain contracts and has strong social attributes. Ming wrote an article in August about how to participate in PartyBid crowdfunding and what problems may arise. If you are interested, you can click on my homepage to check it out!
PartyBid crowdfunding has the risk of "Sibyl Attack". How should NFT fragmentation protocols deal with it?
I wrote a research report two days ago, [From Web2 to Web3, social applications should be social first, and then talk about Fi
】Everyone, take a look at the abstract on the picture. If you are interested in socialfi, please follow me. The homepage has posted 3 research reports on socialfi! ! !
From Web2 to Web3, social applications should focus on social first, then talk about Fi
Author: cryptoming [DeBox Research Institute] [Buidler DAO Investment Research Association] October 23
The article believes that the mainstream social applications of Web2 are divided into instant messaging and content creation categories, which in a narrow sense correspond to the Social and Finance of web3 respectively. At the same time, combined with the respective characteristics of Web2 and Web3, it describes the elements that an ideal SocialFi application should have.
Through a survey of existing Web3 social applications, it was found that applications based on Social products are more suitable for the current Web3 market. Overly aggressive launches of Fi similar to "content mining" are not recognized by the current market. At the same time, taking the development history of Web2 social applications as a guide, there may be a Fi model suitable for Web3Social in the future, but the current SocialFi market should be dominated by Social, that is, products that meet the social needs of users, because the essence of social is people, and Not finance. Finance can be an add-on, but it is definitely not the main course.
Musk and CZ spoke frequently on Twitter today, saying that they must continue to increase investment in building the encryption market and survive this winter (bear market). As a result, BTC and ETH, which have been falling for four consecutive days, surged by nearly 10%, so everyone still feels that Social and Is the crypto market far away? Twitter will also be revamped in the future. Socialfi's applications have begun to take shape. Smart people and funds have begun to ambush projects. But you are still thinking about following big V Twitter. What will happen in the next bull market? I'm so worried for you! ! !
On November 5, Binance officially released a word riddle, which is expected to be related to the next round of Binance IEO. Judging from previous similar projects, the return on investment is extremely high.
At the same time, most people think that this is the word Meteverse, which means metaverse. So the question is, are you optimistic about the Gamefi metaverse in the game category, or the Socialfi metaverse that focuses on social activities?
Everyone is welcome to leave comments and messages!
SocialFi is favored by investment institutions. What projects are worth looking forward to?
[DeBox Research Institute] Author: @0xCryptoUni; @SylviaOU1; CryptoMing | Date of writing: October 23
Summary
Finance, entertainment, and social networking are all tracks with huge money-making effects in web2. Defi Summer in 2020 set off a bull market, and GameFi in 2021 also made the market even hotter. With the success of DeFi and GameFi, web3 entrepreneurs will naturally think of SocialFi, and capital has sensed the social potential in web3 and continues to bet on this track. However, SocialFi is still in a very early stage, with problems such as insufficient infrastructure, bottlenecks in user growth, and insufficient user stickiness. This article briefly summarizes the current development situation of SocialFi with the help of several representative projects, hoping to find ways to tap potential SocialFi projects.
"You can disdain what CZ says, but you must listen."
CZ published an article on the "Fortune" Indian version platform in January this year. He pointed out that SocialFi and GameFi are likely to become the main market drivers in the future, promoting the global acceptance and adoption of encryption technology. The global "encryption adoption rate" will increase from the current 5 % jumps to 20%.
Now FTX and the capital behind it are suffering huge losses. This November market trend also verifies a truth: "You can disdain what CZ says, but you must listen." GameFi actually launched a market market last year, so pay more attention to it recently. The projects on the SocialFi track may be the engine of the next round of market trends, so wait a moment.
The market has plummeted today, everyone's assets may have suffered losses to varying degrees, and the market is still in a bear market.
Reverse thinking, at the same time, this time period is also an opportunity for everyone. It is recommended that you move less and watch more. Bear market Build, improve your own awareness through learning, find some projects with good fundamentals, continue to track them, and choose the opportunity to enter.
You can pay attention to projects on the SocialFi track, Lens (web3's YouTube), DeBox (web3's WeChat), etc. They have not issued coins yet, so they do not constitute investment advice, DYOR!
On November 2, a second-tier exchange officially fragmented 28 Theirverse NFTs into 28 million Erc20 tokens, which can be traded on the exchange, causing the Theirverse NFT floor to increase by about three times. So what is NFT fragmentation? What is the principle? How to interact?
Let me give you a picture first. Like and retweet it 👍 over 100 times. In the next issue, I will bring you a detailed research report on NFT fragmentation projects (PartyBid and Tessera)!
Application of DID in Web3.0: DeBox's Exploration of SocialFi
[DeBox Research Institute] | Author: Crypto Ming | Date of writing: August 13
Summary
Decentralized Identity (DID) is a new and unique identity certificate. Whether it is from the practical application perspective of solving Web3.0 fraud and piracy, or from the technical perspective of building a Web3.0 world, DID is Important infrastructure for Web3.0.
DID and DeSoc (decentralized society) are the most inseparable. SocialFi is one of the main entrances to bring traffic increase to Web3.0, and social platform projects are currently a hot topic in the SocialFi track. Social platforms can be divided into two types: content creation social networking (Mirror, Monaco Yacht, etc.) and relationship-based social networking (Blockscan Chat, Atem, etc.), but both currently have some shortcomings.