FTX inspired an all-time high in cryptosocial activity. More than 6.9 billion engagements._ See? It wasn’t all bad._
There is a great royalty debate raging on in the world of NFTs. Many NFT marketplaces are migrating toward an optional-royalty paradigm, but OpenSea has decided to support creator royalties. The ultimate question is which model will win out in the long-term?
DeSo gets a new COO—a former Meta executive. Should that concern you? I think so.
The Cryptonomist will tokenize its articles on Soltype._ More publications should consider a similar move._
How to use the MetaMask bridges.
I found this in The Atlantic: The Age of Social Media is Ending. This is an excellent article that makes several great points, but as I argue in my forthcoming book Web3 Social: How Creators Are Changing Social Media, the age of social media platforms is nearing its end. The future belongs to protocols, and I’ll go so far as to say that future social media will consist of a social graph that allows creators to move beyond platforms to controlling the delivery and monetization of their content beyond walled gardens and siloes. Look for Web3 Social: How Creators Are Changing Social Media around the beginning of the new year. In the meantime, if you haven’t already, feast on Cryptosocial: How Cryptocurrencies Are Changing Social Media.
For some ideas on how this might look, check out this Mirror post on social media protocols. As mattdesl points out, there are problems with the fediverse, and with Mastodon in particular. While decentralized, it is not censorship-resistant.
Speak of the devil, how to use Mastodon. You might need this if Twitter slips through Elon Musk’s fingers and disappears overnight.
How Web3 will change privacy. If Web3 doesn’t deliver on its promise of protecting individual privacy and sovereignty, it will be an utter failure. My fear is that it will patch a wound with an insufficient band-aid while allowing those who will exploit user data to capitalize on inherent weaknesses and enriching those who profit from that exploitation. If that happens, Web3 could be worse than Web2.
On another note, is Web3 bullshit?
Will FTX’s fall help decentralization win?
9 steps to future-proofing your social media strategy. The same old staid advice for brands who want to optimize their social media marketing. This article looks like it could have been written 10 years ago, updated for entering the brave new world of Web3. The truth is: Content marketing is content marketing. It hasn’t changed much in hundreds of years.
Crowdsourcing Web3 information through token-curated registries.
Should we pay people to participate in governance?
The challenges and struggles of helping mainstream music artists enter Web3.
Meet the Web3 startups graduating from Alliance DAO.
Web3 Social Musings I Read This Week
How John Wegehaupt is taking advantage of the crypto bear market. (Publish0x)
TwoDogsCaged is happy he went with Coinbase. As opposed to FTX. (Publish0x)
Jessica Ossom got naked with some friends on a desert island. And she didn’t invite you. (Peakd)
Treasuree got her first reward from Ecency. Congratulations! (gFam)
Greg R. Fishbone published “The Sloppy House Party”. (Cent Pages)
Splinterlands has come to the end of another season. (Hive)
Wake The Time Travelerz up when the FTX nightmare is over. (Leo Finance)
How to keep a gratitude journal. (Read.Cash)
Tigerius proposes that Torum incorporate non-monetary incentives to “inspire people to add value to the platform.” _That’s a novel concept. It’s the same one used by Web2 social media platforms to get people to generate content so the platform can make money on it. The difference with Web3 is that platforms do not need to monetize user-generated content to profit. The creation of cryptocurrencies out of thin air does that for them, but if users are not generating those incentives with their content, then neither they nor the platform will profit. The challenge for Web3 platforms is to encourage the addition of value in ways that do not facilitate greed or reward spam. _(Torum)
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Cryptocracy is a decentralized newsletter published several times a week. I curate the latest news and crypto analysis from some of the brightest minds in crypto, and sometimes offer a little insightful and snarky commentary. Always fresh, always interesting, and always crypto. Original articles on Fridays.
First published at Cryptocracy. Not to be construed as financial advice. Do your own research.
Image credit: Hackernoon via Medium