Recently, the decentralized social network Farcaster received $150 million in investment in its Series A financing, second only to the social public chain #DESO , which has triggered a high level of discussion in the Web3 social field. It is worth looking forward to whether Social Summer can detonate this cycle. The potential dark horse Phaverapp in this track deserves special attention, and it is 100% clear that it will be airdropped. Let’s take a closer look today!
Traditional Web2 social media has many pain points, such as:
-Data ownership is controlled by centralized companies (Facebook, Twitter, etc.), resulting in the sale of value
-Privacy protection issues: centralized companies collect personal data and user habits to provide advertising monetization
- Prevalence of fake ads and robots (Twitter advertising accounts, etc.)
- Difficulty in realizing creators’ income
Web3 social app#Phaveris changing all this through disruptive design!
Phaver (@Phaverapp) is the largest multi-protocol social application in Web3, built for a permissionless and managed ecosystem on the next generation social internet. The platform is powered by multiple social protocols such as Lens Protocol and CyberConnect. It is currently the largest application on Lens Protocol and the largest external application on Farcaster.
Features:
Phaver allows users to publish and share content in the form of text, images, and videos, with an interface similar to the Twitter social platform. Users can register and log in using Web2 accounts such as Gmail, Facebook, and Apple, without the need for a crypto wallet (Lens Profile can also be used to log in). This greatly reduces the learning cost for Web2 users to migrate to Web3, and provides great convenience for the popularization of Web3 social networking.
core advantages:
① Lens protocol integration
Phaver is the first major mobile application on Lens Protocol, allowing users to connect their Phaver accounts to their personal Lens. Lens Protocol uses NFTs to create online connections between users' profiles, followers, and posts. Data follows NFTs, and users can use data on Phaver to interact with any application in the Lens ecosystem.
②Farcaster cooperation
Phaver fully connects Farcaster accounts, which is the first step in multi-protocol social support. Phaver manages and displays social interactions from multiple decentralized networks on a single platform, simplifying the complexity of multi-account management. In addition, users can transfer their social graphs from one protocol to another, achieving decentralization and data portability. This powerful combination will bring a new social paradigm to Web3.
③Reputation mechanism
Web2 social platforms face huge challenges in dealing with fake accounts and robots, such as Facebook shutting down 1.3 billion fake accounts in six months. Phaver ensures the authenticity of users and promotes positive interactions through decentralized ownership and an innovative verification system. Through a reputation system, Phaver rewards users for good behavior and inhibits abuse, providing advantages such as enhanced visibility and access to exclusive content.
④Incentive mechanism
Phaver's platform provides a variety of incentives to encourage users' active participation. For example, by building their own credibility (Creds) and improving their reputation, users can earn additional "Phaves points" or have the opportunity to publish more prominent sponsored content. In addition, the platform also provides external rewards such as airdrops and whitelist qualifications to encourage users' active interaction.
⑤Prevent robots
Phaver uses Anima NFT's "personal identity proof" technology in one of their Cred Score anti-bot features, which is stored in the user's wallet through a privacy-preserving face scan. This ensures the authenticity of the user behind the account and protects the anonymity and privacy of the actual user's identity. This verification method effectively prevents AI-driven robots from infiltrating the platform and establishing a false reputation.
⑥Strong community activity and support
Phaver's community user activity is high, with more than 40,000 daily users and more than 100,000 weekly users. Currently, there are more than 200,000 wallets holding NFTs worth more than $200 million. Among accounts with high reputation, its uniqueness rate reaches 99.99%. By cooperating with decentralized social graphs (FarCaster and CyberConnect), the playability and participation are greatly enhanced, and there is huge room for future growth.
⑦Creator Economy
In addition to traditional social media features, Phaver’s unique gamification model allows the best creators, curators, and moderators to monetize their work directly within the app, investing in growing their follower counts and Creds scores on the platform, in-app points redeemable for the upcoming Phaver token #Social.
Phaver product features:
•Content shared on Phaver can also be shared on Lens Protocol and Farcaster
• Full control over your personal data by linking your wallet, protecting user privacy and confirming user authenticity
•Display owned NFTs to help users gain potential trading opportunities
• On-chain assets to prove the authenticity and reputation of participants
• Create a community based on specific crypto assets and rules
• Direct transactions between wallets via XMTP
Open airdrop:
Recently, the project launched the latest SOCIAL Summer event, which lowered the airdrop standard. It only takes 24 hours to upgrade to Level 2. After the upgrade, you can get Lens and Farcaster accounts for free.
A strong partner:
Phaver has established close cooperative relationships with Lens Protocol, Cyber Connect, Farcaster, Polygon, XMTP, Delegate, Mocaverse, etc.
As the partnership gradually expands in the future, it will bring in more users and more ecological gameplay, which is expected to form a powerful flywheel effect and a positive cycle.
Investment agency:
Phaver raised $7 million in seed funding.
The financing was supported by well-known investment institutions such as Polygon Ventures, Nomad Capital, Symbolic Capital, Foresight Ventures, Alphanonce, and Superhero Capital.
team
• Joonatan Lintala is the CEO and founder of Phaver. A serial entrepreneur with more than 10 years of experience in the technology field and extensive experience in Web3.
• Tomi Fyrqvist is the CFO of Phaver and a well-known financial expert with more than 15 years of experience in financial investment banking and asset management.
• Saska Sandholm is the Head of Growth Operations at Phaver and has many years of experience in Web2 social operations growth.
Token Economics
• Token Name: $SOCIAL
• Total Supply: 10,000,000,000 $SOCIAL
• Community Rewards: 27%
• Finance and ecosystem: 25%
• Private sale: 21%
• Founders and team: 18%
• Consultants: 2%
• Airdrop: 3% (open airdrop)
• Partner: 4%
Summarize:
Phaver is committed to creating a more credible and authentic social media environment for users through decentralized technology, reputation system and innovative user verification mechanism, combined with its unique Web2.5 design concept and strong economic incentives. This not only solves many pain points faced by Web2 platforms, but also provides users with a richer and more valuable interactive experience. Phaver is expected to become a leading dark horse player in the social track, which is worth looking forward to!
