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Web3 Social Myth: Not understanding the difference between social and community, and the disastrous X to Earn model
This is Whistle’s 16th article, discussing the Web3 Social track and the limitations of monetization.
Author | Beichen
The Web3 industry has emerged from the bear market in the past year. Although it is far from a real bull market, there are more and more voices about the coming of Social Summer. In particular, the recent arrest of Telegram founder Pavel Durov at a French airport on charges of fraud, money laundering, terrorism and other crimes has further attracted attention to social products.
This is not difficult to understand. The crypto-native technology route seems to have come to an end (after all, the necessary infrastructure is in place), but there is still no sign of mass adoption. In theory, the social track is the easiest to attract a large number of users, and it is also possible to settle into an ecosystem. Therefore, it carries the anxiety of the stagnant Web3 industry. Whenever social applications such as friend.tech and Farcaster perform slightly better, they will attract the attention of the entire industry.
Author | Beichen
The Web3 industry has emerged from the bear market in the past year. Although it is far from a real bull market, there are more and more voices about the coming of Social Summer. In particular, the recent arrest of Telegram founder Pavel Durov at a French airport on charges of fraud, money laundering, terrorism and other crimes has further attracted attention to social products.
This is not difficult to understand. The crypto-native technology route seems to have come to an end (after all, the necessary infrastructure is in place), but there is still no sign of mass adoption. In theory, the social track is the easiest to attract a large number of users, and it is also possible to settle into an ecosystem. Therefore, it carries the anxiety of the stagnant Web3 industry. Whenever social applications such as friend.tech and Farcaster perform slightly better, they will attract the attention of the entire industry.
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Two years ago, many #NFT和收藏品 trading platforms thought they could kill galleries directly, but in fact, they are basically dead today, because their understanding of NFT collections is only hype, and they did not carry out any market maintenance based on artists, which is the value of galleries. I believe that the NFT market will make up for this lesson.
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The bull market has started, be careful that state-level hacker organizations are staring at your wallet!
This is Whistle’s 14th article about why and how Bull Market should guard against state-level hacking groups.
Interview | Beichen
Guest | Steven
The Federal Reserve's March meeting statement and press conference speech released last night excited the entire financial market. Of course, the real interest rate cut has not yet come, but it is confirmed that monetary policy will be gradually relaxed this year - liquidity will flow from the banking system to the risk market.
At this time, there are only 30 days left for the Bitcoin halving, and the Bitcoin ETF has opened a channel for liquidity to flow from the traditional financial market into the crypto market. Therefore, it is foreseeable that the bull market in the crypto market has already started, and investors are faced with just making more or making less. Few problems.
Interview | Beichen
Guest | Steven
The Federal Reserve's March meeting statement and press conference speech released last night excited the entire financial market. Of course, the real interest rate cut has not yet come, but it is confirmed that monetary policy will be gradually relaxed this year - liquidity will flow from the banking system to the risk market.
At this time, there are only 30 days left for the Bitcoin halving, and the Bitcoin ETF has opened a channel for liquidity to flow from the traditional financial market into the crypto market. Therefore, it is foreseeable that the bull market in the crypto market has already started, and investors are faced with just making more or making less. Few problems.
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