🚀 Phaver: Decentralized Social Media Revolution 🌐
🚀 Let's dive into key features and potential of $SOCIAL in this captivating thread! 🧵👇
1️⃣ Introduction: Phaver is a decentralized social media platform leveraging Web3 technologies, allowing users to own their content and data. Integrated with Lens Protocol, Phaver rewards users through its native token, $SOCIAL, fostering a meritocratic ecosystem. #Phaver #SocialFi
2️⃣ Technology: Phaver combines Web2 familiarity with Web3 power. It integrates decentralized social graph protocols, enabling seamless posting across Lens and Farcaster. Phaver’s Supergraph ensures user content remains safe from centralized control. #Web3 #DecentralizedSocial
3️⃣ Whitepaper Highlights: Phaver’s whitepaper emphasizes the platform’s commitment to decentralization by giving users full ownership of their content and data. A key feature is its merit-based rewards system, which ensures fair distribution of value among creators. #Whitepaper #Blockchain
4️⃣ Use Case: Phaver’s platform allows users to share, discover, and interact while owning their data. The $SOCIAL token drives the ecosystem, rewarding content creation, curation, and community participation. #TokenEconomy #UserOwnership
5️⃣ Team: Phaver’s leadership, led by CEO Joonatan Lintala and a team with backgrounds in Google, Goldman Sachs, and crypto startups, ensures a strong vision for decentralized social media. #CryptoTeam #Leadership
6️⃣ Partnerships: Backed by VCs like Polygon Ventures, Swissborg, and more, Phaver integrates with Lens Protocol and Farcaster, enhancing its decentralized, user-centric approach. #Partnerships #VCBacking
7️⃣ Security: Phaver combats bots with privacy-safe facial scans and wallet credibility checks. Regular security audits ensure the platform’s integrity and safety. #PlatformSecurity #BotPrevention
8️⃣ Tokenomics: Its total supply is 10 billion with circulating supply 1.24 billion. $SOCIAL redistributes value to creators. Tokens are earned through contributions and content creation, fostering a merit-based ecosystem. Early adopters and monthly redemptions reward both new and long-time users. #TokenEconomy #Rewards
9️⃣ Exchanges: $SOCIAL is tradeable on multiple exchanges, including Bybit, Gate.io, MEXC, KuCoin. Launchpool opportunities allow users to earn additional tokens within the Phaver ecosystem. #CryptoExchanges #Trading
🔟 Recent Developments: Phaver launched its second NFT collection, Cred Passes, available on OpenSea. These passes unlock higher token rewards in monthly redemptions, further enhancing user engagement. #NFTs #OpenSea
🌐Conclusion: Phaver is reshaping social media with decentralized, user-owned content, backed by strong tokenomics and innovative features. The future of social media is in your hands. #SocialMediaRevolution #Web3
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Blockchain-driven Web3 social protocols are reshaping users’ perception and experience of social networks. With features like decentralization, personalization, and community governance, Web3 social protocols offer users a more secure, intelligent, and engaging social experience. As blockchain technology and artificial intelligence continue to advance, the thriving ecosystem of Web3 social platforms is gradually becoming the fourth major Web3 trend after encrypted payments, DeFi, and NFTs.
As a globally renowned Web3 social application, INTO aims to enhance on-chain data utilization and expand the Web3 ecosystem by constructing a data layer. INTO is poised to become a standardized tool for recording and evaluating user behaviors on-chain, providing crucial support and assurance for the establishment of trust mechanisms and social value systems in the Web3 world.

Exploring the Role of On-Chain Credit in the Web3 World
In the Web2 era, users’ social reputation and value were quantified and displayed by platforms, where metrics like the number of followers, video views, likes, and subscriber counts reflected an account’s value. However, in the present day of the world of Web3, there is no quantification method for on-chain user behavior, let alone economic value. With the emergence of on-chain credit in the blockchain ecosystems of the Web3 era, groundwork is being laid for exploring on-chain behavior records and encoding, and even encoding users’ real-world credit records on-chain, jointly constructing users’ identity and reputation both on and off-chain.
For instance, a user’s on-chain address can be linked to personal education, work history, medical records, property ownership, and other tokens, enriching personal tags. This can even include their consumption behavior, credit status, asset situation, etc., to form an on-chain version of a “Sesame Credit Score.” INTO provides an innovative approach and solution for exploring reputation mechanisms in Web3.
To achieve this goal, INTO stores user data on the blockchain, realizing decentralized data management. Users have their own private keys, fully controlling their data, and can selectively authorize access to other users or applications. This decentralized data storage method greatly enhances user privacy protection.
Moreover, leveraging intelligent technology, INTO provides a more personalized and intelligent social experience. By analyzing users’ social behaviors, interests, and other data, intelligent algorithms can recommend more relevant and engaging content, increasing user social participation and satisfaction. Additionally, because data is stored on the blockchain, users can have more accurate control over their data, thereby avoiding issues caused by algorithm manipulation.

INTO Discovers the Unique Value of On-Chain Credit
While web technologies naturally address credit issues, on-chain credibility has long been a challenge. SBT (Soulbound Token) is a concept proposed by Ethereum founder Vitalik Buterin, aiming to further develop decentralized societies and regain ownership of our identities through digital means. This implies enhancing the security of DAOs (Decentralized Autonomous Organizations) by providing a transparent and tamper-proof way to track and verify authentic voters. SBT represents the next stage in constructing a decentralized society with legitimacy and trust. The emergence of INTO expands the application scenarios of blockchain, enabling more applications requiring social evaluation and trust mechanisms to unfold in a decentralized environment, injecting new vitality and possibilities into the blockchain ecosystem.
INTO can combine individual reputation with NFTs, ensuring their uniqueness and non-replicability, thereby giving reputation a tangible form and enhancing its credibility and sustainability. Through SBT labeling, users’ reputations can be recorded and evaluated in the form of non-transferable tokens, providing a new approach and possibility for establishing a reputation mechanism in a decentralized world, laying the foundation for users’ social reputation and value in the Web3 world, and facilitating their behavior recording and assessment.
Furthermore, INTO emphasizes community governance, wherein users collectively participate in the management and decision-making of social networks. Through token economic models and DAO mechanisms, users can engage in the governance process of social networks, jointly determining the network’s development direction, rule formulation, and resource allocation. This community governance model enhances user engagement and sense of belonging, further promoting the healthy development of social networks.
SBT signifies faster and more direct access to our own personal information, without needing to prove the authenticity of each document, pay fees, or endure lengthy processing times. As we progress towards a decentralized society, the next step is digitizing our personal information to regain ownership. SBT represents a great way to increase individual ownership of things like credit scores, identity, education, and work experience, as well as improving the overall security and structure of decentralized societies. INTO provides technical support and infrastructure for establishing users’ social value systems in the Web3 era, enabling users’ social reputation and value to be quantified and displayed on-chain.

INTO Aggregates On-Chain Data to Sketch User Profiles
In the current Web3 ecosystem, data analysis products and overall paradigms remain limited to understanding users through data from individual addresses, a practice no longer sufficient for establishing rich, authentic data forms. If we aim to expand the application types and enhance product experiences within the current Web3 ecosystem, the key lies in addressing user profiles and data association.
With the widespread adoption of zero-cost account creation models across the entire Web3 ecosystem, and no direct restrictions on the number of user accounts or indirect restrictions through KYC, any data based on a single address cannot accurately depict user profiles. This status quo poses significant challenges for data analysis and product design, yet simultaneously presents opportunities for innovation.
Firstly, to address user profile and data association issues, we need to shift from traditional data analysis thinking. Traditionally, people tended to confine user data to individual addresses. However, in the Web3 ecosystem, user activities may be dispersed across multiple addresses, each possibly associated with different aspects of the user’s identity, interests, and behavioral habits. Therefore, we need to collect, integrate, and analyze data across addresses more flexibly and comprehensively to establish more complete and accurate user profiles.
Secondly, leveraging the characteristics of blockchain technology, particularly the immutability and transparency of on-chain data, can help address user profile and data association issues. Through data such as transaction records and smart contract executions on the blockchain, we can gain clearer insights into user activities and behaviors across different addresses, thereby building more comprehensive and authentic user profiles. Additionally, using encryption technology and privacy protection mechanisms can safeguard users’ personal privacy while ensuring the security and credibility of data.
Finally, leveraging technologies such as artificial intelligence and machine learning can further enhance the accuracy and intelligence of user profiles and data association. By deep learning and the pattern recognition of vast amounts of cross-address data, we can discover potential correlations and behavioral patterns among users, better understanding their needs and motivations, and providing more personalized and precise recommendations for product design and services.
In Web3, the application of user behavior profiles can be more privacy-secure and personalized. INTO can utilize user profiles to collect user data through decentralized identity verification, combined with blockchain technology to ensure the security and credibility of data. Such user profiles can be used to provide personalized advertising. Specifically, through the integration of on-chain data across protocols, fragmented data can be systematized and materialized to sketch user profiles, helping Web3 protocol builders better understand users and providing data support for the integration of Web3 with the real world.
Advertising delivery and settlement can be achieved through smart contracts while protecting user privacy. Additionally, INTO can use user profiles to provide personalized ecosystem application services, such as recommendation systems based on factors such as user interests and behavioral habits, and social networking functions, thereby enhancing user experience and ecosystem closure.
In conclusion, on-chain credit, as a new type of digital asset, plays an important role in the Web3 era, providing new ideas and solutions for exploring and establishing reputation mechanisms, promoting the development and improvement of the blockchain ecosystem. The emergence of INTO will also address user profile and data association issues, better understanding and serving users, driving the healthy development and innovative applications of the Web3 ecosystem, and laying the foundation for building a more open, transparent, and trustworthy cyberspace.

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ABOUT INTO:
INTO is a pioneering Web3 social protocol, leveraging blockchain and AI technology. It offers features such as crypto wallets, SocialFi, the SoulBound Token (SBT), AI tools, and more. INTO’s mission is to create a globalized Web3 social network, fostering an open, free, engaging, compatible, and secure communication environment for users worldwide.
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#SocialFi #Web3SocialMedia #INTOverse #INTOtheFuture #web3crypto

In the fast-paced world of technology and finance, a groundbreaking trend has emerged – SocialFi, the fusion of social media and decentralized finance (DeFi) within the realm of blockchain and cryptocurrency. As of August 22, 2023, SocialFi has become a hot topic, captivating users with its innovative approaches to social engagement, content curation, and value-based incentives.Unveiling the SocialFi LandscapeAt its core, SocialFi aims to reshape the conventional social networking model by integrating decentralized technologies, particularly tokenization. Unlike traditional platforms that consolidate data ownership, SocialFi employs smart contracts and decentralized identity systems, granting users ownership of their personal information. This not only enhances privacy but also enables users to monetize their data through tokenization.Operating within the Web3 framework, SocialFi creates an ecosystem where users interact and transact using cryptocurrencies. This includes rewarding users for valuable content creation, sharing, and collaboration through token-based incentives. The result is a transformative shift where online social interactions seamlessly transition into economic transactions.Cryptocurrencies: A Catalyst for New Content Monetization StrategiesThe integration of cryptocurrencies in social applications unlocks a realm of possibilities for both creators and fans. Notably, microtransactions enable direct monetization for content creators, providing a sustainable alternative to traditional advertising models. Fans, in turn, actively contribute to their favorite creators through small, instantaneous payments, fostering a sense of community and support.Balancing Act: Rewards and Risks of SocialFiAs with any emerging trend, SocialFi brings both advantages and risks to the table. While it democratizes online interactions and strengthens communities, concerns about cryptocurrency market volatility, regulatory compliance, and user experience must be carefully navigated. Convincing users to transition from familiar platforms, ensuring scalability, addressing privacy and security concerns, and mitigating potential scams are challenges that the SocialFi community faces.SocialFi in Action: Real-world ExamplesSocialFi isn't a distant concept—it's already woven into platforms you likely use. The implementation of non-fungible tokens (NFTs) as profile pictures on platforms like X (formerly Twitter) and Reddit showcases its practicality. NFTs add a layer of personalization and value to digital personas, allowing users to express their individuality in a tradable form. Platforms like Reddit have embraced cryptocurrency tipping, enhancing user engagement and fostering a supportive environment.Charting the Future of SocialFiThe path forward for SocialFi involves empowering creators, democratizing value, and finding a delicate balance between reaping benefits and mitigating risks. Responsible adoption and adaptation are crucial as the ecosystem evolves, offering the potential to revolutionize the ways in which we interact online.In conclusion, as SocialFi continues to gain momentum, its transformative influence on the intersection of social media and decentralized finance is undeniable. The fusion of Web3, cryptocurrencies, and decentralized technologies heralds a new era of online interactions—one where users are not just participants but active contributors, shaping the future of digital engagement.#Decryptedlabs #learnwithDLabs #Binance #SocialFi